Not For Me To Say
"Not for me to say."
That was Christine Lagarde's assessment Thursday when, following the October ECB decision, she endeavored to contextualize market expectations for rate hikes. "Our analysis certainly does not support that the conditions of our forward guidance are satisfied at the time of liftoff as expected by markets, nor any time soon thereafter," she remarked, before refusing to say, definitively, whether markets are "ahead of themselves."
That Lagarde declined to speak on behalf of ma
Central banks and markets are talking divorce, but that’s not going to happen.
But honey, we have to think of the children!