A simple logic has played out in markets this month. Price movements point to an anticipation that the Federal Reserve is done raising interest rates and will now start cutting in early 2024, thereby pushing down market-determined yields as it continues to ease policy throughout the year; and that all this will bode well for the economy and virtually all financial assets.

Not so fast, unfortunately, for all of us who hope for greater certainty and less yield volatility.

QOSHE - Yield Uncertainty Will Persist Even If the Fed Is Done Raising Rates - Mohamed A. El-Erian
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Yield Uncertainty Will Persist Even If the Fed Is Done Raising Rates

4 0
09.11.2023

A simple logic has played out in markets this month. Price movements point to an anticipation that the Federal Reserve........

© Bloomberg

Get it on Google Play