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The Fed Will Tighten "As Far As They Can" Into 2023 | Joseph Wang & George Goncalves
Forward Guidance
Bonds - Is the Fed Going to Do What the Doubt That Will Do?
In 2018 December dot plots he was telling everyone that he's going to hike rates in 2019 and then in the first quarter of 2019 It had 180 cut rates significantly. That actually made a lot of people in the market really mad I remember being at the fed then and we got a lot of angry phone calls by people who lost a lot of money Um, maybe we're doing the same mistake today We're thinking the fed because in the recent years they're always cutting whenever the soccer market goes down Maybe there's some bias there as well. The thing is, you know, if you don't carry out what you you promise to do um, you you lose credibility and people won't really price
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