Surveillance: Cabana on the Fed
Bloomberg Surveillance
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The Consequences of Holding Rates at This Level
We do recommend that clients trade the back end of the rates curve with a tactical long bias. We still think that yields will be moving lower in time as the Fed does indeed move to cuts, but just cutting slower perhaps than the market anticipates. But it's a part of what I think the Fed is looking for. They need to slow the economy somewhat and they need to ensure that inflation does indeed remain around two.
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