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An Update On The "March Banking Panic" | Weekly Round Up
Forward Guidance
The Fed's Expectations for the Terminal Rate
The US terminal rate at one point peaked at 5.8% after the banking crisis it dove down. But now we kind of see this terminal rate just sort of grind back up. The market is basically ever since the fed first started to high grades which was a surprise. They've been the market has consistently wanted the fed to ease sooner than the fed was ready to do it they've been consistently wrong about that.
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