Surveillance: Citi's Fed Funds Forecast
Bloomberg Surveillance
00:00
Pijum: A Leading Global Asset Manager
The issue for the Fed now is we have this huge disconnect between where the dots are and where the market is. I think that's the other real issue for for fed officials now, especially given the new emphasis on financial stability risks. Can you get there in an incremental and smooth way or does this become a more violent adjustment? Look at the volatility we saw in two year yields. In some ways that's reflecting the fact that we could very quickly repress what the Fed is going to do. They're in a massive bind right now.
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