This is your President.
“Fed Chair Janet Yellen says an increase in fed funds rate will likely be appropriate at FOMCâ€™s March 14-15 meeting if policy makers determine that employment, inflation continue to evolve in line with expectations.”
“If two-year Treasury yields close above 1.3% but 10-year yields linger below 2.5%, then a hike is expected but itâ€™s being perceived as a potential policy mistake. If we close above both levels, itâ€™s the reflation trade, baby.”
“I keep getting asked ‘When will this end?’, which is a very different question than ‘How long can this continue?’ On the one hand it implies that investors are seeing it but canâ€™t quite believe it.”