Deutsche with some alternative methods for measuring US financial conditions. I completely agree that the market has the extent of rate hikes wrong. But I still see a few more before it all goes to shit. Almost by definition the Fed has to over-tighten before it stops. — A Volcker-like rise in the shadow rate
The post Has the Fed already tightened too much? appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]