This is not to say that it won’t go on longer or won’t get wilder. There are already people with lampshades on their heads. And girls are dancing on the tables.
San Francisco Fed: Investors are pricing in “a later liftoff date” for the federal funds rate and a slower pace of tightening than FOMC participants themselves.
The report – released on Friday when everyone was on vacation or getting ready to head out of town, and when no one was supposed to pay attention – was a zinger: US net capital outflows soared to $153.5 billion, the largest ever recorded.
