![Nomura’s McElligott On What Can Go Wrong If The Fed Keeps Guiding Expectations Lower](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2019/06/PowellJuneHandsU.png?fit=1152%2C631&ssl=1)
Nomura’s McElligott On What Can Go Wrong If The Fed Keeps Guiding Expectations Lower
The first Fed cut since the crisis is in the books, and the knee-jerk reaction from markets conveyed palpable disappointment.
"Changes to the post-meeting statement were mixed but slightly hawkish at the margin, with little changes to the growth and inflation characterizations and a slight watering down of the 'will act as appropriate' policy guidance", Goldman wrote. Dissents from Esther George and Eric Rosengren underscored the notion that we are nowhere near a situation where policymakers ar
The real “debacle” as you phrase it is the ridiculous level of Monetary and Fiscal indiscipline over the last several years that has led to a total mispricing of ALL assets, penalizing ordinary americans while creating huge wealth for financial engineers…Hope this signals the start of a major reset…
Everyone is completely underestimating the impact of ending QT. BTFD.