Farewell, Transitory: Markets Heed Central Banks’ Inflation Call
End of 2021 swept away idea of surging inflation being transitory, setting the stage for markets to game pace of central bank tightening next year.
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The Bond Market Isn’t Buying Fed’s Sketch of Rate Hike Plans
Federal Open Market Committee just forecast overnight rates jumping from zero currently to 1.60% and 2.10% by year-end 2023 and 2024, respectively.
Build Back Better Raises Taxes on Businesses and the Wealthy but Will Hurt Everyone Else
Ordinary Americans will end up footing the bill for this bad spending plan, even if it's billed as tax hikes on businesses, energy and high earners.
Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History
Allianz Chief Economic Advisor Says Calling Inflation ‘Transitory’ Was a Bad Call by the US Central Bank.
Powell Says Foreign Buyers Distorting Yield-Curve Readings
There are warnings from some that the flattening of the curve and slide in long-term yields means that growth is at risk.
New Era of Bond-Market Volatility Begins as Fed Fights Inflation
The central bank’s final meeting of the year on Wednesday could set the stage for a more sustained period of turbulence.
Build Back Better Bill Could Affect Fed Monetary Policy: Economist
If Build Back Better [bill]... passes, we're going to probably see the Fed kind of counteracting fiscal policy with more inflation control measures.
