Nope, the Fed dumped. But there was huge demand elsewhere.
12 countries with negative 10-year yields. A race to hell.
“It is not the beginning of a long series of rate cuts”: Powell.
In the US alone, it impacts nearly $40 trillion — with consequences for the real economy.
In the US alone, it impacts nearly $40 trillion. And there are consequences for the real economy.
Inflation gets pitched as something inherently good the Fed is trying to make sure folks gets enough of. But someone’s paying the price.
Beatings will continue until morale improves, or something.
The Fed could instantly claim victory and pocket the kudos.
Folks lining up on both sides of the fence.
Oh, it’s here alright.