The Fed gives an update on interest rates every month or two. But what investors think the central bank will do next can shift in less than a day. This week is a great example. Heading into Tuesday, investors were pricing in a 70% chance of an October rate hike. But then, in the afternoon,
On average, the public’s awareness of markets begins and ends with stocks. Something really notable has to happen for bonds to enter the conversation. We appear to have finally reached that point. The fact that soaring bond yields have hit the market mainstream shows just how critical the situation is. Investors and market-watchers know the
The word “Goldilocks” is meme-ing out in US markets right now. It’s a reference to how recent economic data has been neither too cold nor too hot. The labor market and consumer spending have been cooling lately, while inflation has remained relatively mild. For the purposes of keeping interest rates on hold, the recent figures
