McElligott: Op-Ex Is ‘Huge Thing’

That nearly three quarters of respondents polled in the June vintage of BofA's monthly fund manager survey described inflation as "transitory" (versus "permanent") is evidence that the Fed's "Jedi mind trick is working," Nomura's Charlie McElligott wrote Wednesday, ahead of the June FOMC meeting. I variously suggested that media hype notwithstanding, this month's Fed proceedings are probably a non-event. The dots proved to be hawkish, but Jerome Powell did his best to smooth things over during