McElligott: Markets ‘Numb’ To Fed’s Neutral Noise

"Numb." That's how Nomura's Charlie McElligott described market participants' disposition vis-à-vis never-ending Fed banter centered on the necessity (or at least the desirability) of getting to neutral "expeditiously." US equities were buoyant Tuesday despite the latest escalation from Jim Bullard, who's one (more) CPI overshoot away from raising the specter of 100bps increments. I'm just kidding. I think. Evans weighed in with his own "beyond neutral" comments, but said he doesn't see any