3min chapter

Forward Guidance cover image

Jeff Snider: The Credit Crunch Is Here As Ultra Rare Bond Market Signal Flashes Red For First Time Since 2008

Forward Guidance

CHAPTER

The Yield Curve Signals a Credit Crunch and Deflationary Money

Jeff Snyder: The more hawkish the Fed became, the more it talked about its reaction function solely in the context of inflation and consumer prices. He says that meant there would have to be an even bigger something to turn the Fed around. Snyder: So where the markets are now are saying that we are almost certain that rate cuts are going to start in the near future.

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