invest1 distinct publisher
Warsh arrives at Jackson Hole owing the market a reaction function
PCE is running at 3.7% and the 30-year sat near 5.18%, which pays 148 basis points over inflation for thirty years of duration risk while the chair declines to say what would make him move. Banks have to model that gap.
Publishers:americanbanker.com
Reality
- Evidence52
- Adoption
- Insufficient
- Hype gap+14
- Incentives42