The Real Basis For These ‘Rate Hikes’

By |2018-03-20T18:25:47-04:00March 20th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Tomorrow, it is widely expected that the FOMC will vote for another 25 bps “rate hike.” The long end of the UST curve is already just as unenthused as ever, while the short end expects higher yields on money substitutes. The result is the very familiar collapse in the yield curve, one that like both of the prior “rate hike” [...]