Negative interest rate talk sends bond yields into nosedive.

Has the Fed finally painted themselves into a corner? This question has been asked many times over the past several years. However, a growing number of respected economists are now suggesting that perhaps this scenario is playing out like a bad play. The Fed believes they are on a path of normalizing interest rates but fail to understand that their hands are tied. Chair Yellen testified before Congress last week, and while she did not take additional rate hikes off the table, she did not say otherwise. She noted that inflation will rise back towards 2% over the medium term, that employment will continue to improve, and the prospects for flopping back into recession are remote. She did acknow


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