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

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Or try one month for FREE with a trial plan

Already have an account? log in

2 thoughts on “Nomura’s McElligott On What Can Go Wrong If The Fed Keeps Guiding Expectations Lower”

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…