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You Break It, You Buy It
The Fed is in the inflation fight for "as long as it takes," Lael Brainard boldly declared Wednesday
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This may very well be the last three-quarter hike. Many days till then.
Thank you for a very insightful article.
The Fed, as CB of the world’s largest and most important/innovative economy, finds itself in an interesting position vis-a-vis the global economy. Obviously, there are risks as well as benefits to its global preeminence, but that should not discourage it, or U.S. policymakers, from capitalizing on its critically important position to throw some weight around and strengthen the many existing links between liberal, (mostly) free-trading democracies and those that would throw in their cards with Putin, Xi, Orban, etc.. In this new paradigm, you’re either with us or against us. Choose wisely.
No Fed swap line for you! [Points to Erdogan]
Multiple possible points of breakage – USD, euro energy, QT, Ukraine, etc.
Can we just get a catharsis already?
I forgot about Erdogan insisting on access to dollar swap lines. That gave me a genuine laugh.
Thanks for that.
H-Man, the strong dollar does not bode well for equities. It appears the geopolitical narrative coupled with a hawkish Fed are blocking the light at the end of the tunnel.
still not seeing a case for another 75 bps hike…seeing Timiraos as part of the market jawboning effort…lot can and will happen over the next 12-13 days…