Climate and the Curve
Moody's Talks - Inside Economics
00:00
Are You Going Back to the Financial Crisis?
The yield curve reflects what the market thinks the Fed's going to do, not that they're right. Businesses and households are much more flush with cash today than they were previous. The higher income households and businesses may be less sensitive in this environment because they already had a lot of resources. And therefore, the Fed will have to overshoot even more to get the type of sensitivity.
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