What The Fed Said
MRKT Matrix
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The Long and Variable Legs of the Fed's Rate Hike
I don't think they're going to do it, as a surprise to anybody. The long and variable legs that they continue to point to, and that we all know occur, when monetary policy changes. We are finally at 12 to 18 months, since they started hiking rates. So this time may not be different at all. It's been frustrating over the period, because it seems like it should have been more obvious by now. But also I would point people to the fact that two's tens inversion is under 40 basis points today.
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