Markets to central bankers: we don't believe you

reuters.com

11 pointsmooreds3 comments

They believe them, the markets just move up in advance of the future collapse so they don't fall through the floor.

powell is going to have to do a Volker. they should have done 50 bp this last round, and subsequent rounds as necessary

No appetite for it. Powell will give in and deal with inflation at a terminal rate we’re already near.