Will Janet Yellen Pull the Trigger? | Andy Constan
Forward Guidance
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Quantitative Tightening: A Game Changer
On December 29th, I wrote a damn spring report, just sent to my clients, and that was talked about QT. And then on the third, or the fourth of January, the minutes came out. And all of a sudden, no one had anything on their mind but quantitative tightening. That front running took risk premiums out double what I expected. But nonetheless, it's a game changer.
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