The Federal Reserve has no idea what’s going on, or what it will do next. That’s what I wrote in late June and that’s what the minutes from the Fed’s June 14-15 meeting confirm.
There is plenty of chatter about uncertainty mixed data, and so on in those minutes – and post-meeting speeches haven’t provided any additional clarity for investors.
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i’ll clear it up for you. lower for longer. :-)
this has got to end badly for bonds. if investors were piling into stocks the way they’re piling into bonds, we’d all be saying what happens when the top is in?