Confused by Yellen’s direction? You’re not alone.
It’s not just a state of mind, that’s the name of the latest slideshow by the economics team at ING bank…
.. which shows how much confusion there is in a market which refuses to agree with the Fed’s hiking forecast (for good reason) and which is the biggest question in capital markets these days: will the Fed continue on its aggressive tightening path even without the inflation needed to justify it, or will it do what it did the last time it laid out a tightening plan which promptly imploded in early 2016.
This post was published at Zero Hedge on Jun 27, 2017.
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