More from Musalem: Bond market is signaling a resilient economy/higher expected inflation.
- Bond markets are signaling a resilient economy and higher expected inflation.
- Most of the recent move higher in bond yields reflects a higher expected neutral rate.
- Wanted to remove the Fed’s “easing bias.”
- Reducing the banking system’s demand for reserves would provide a smoother path toward a smaller Fed balance sheet than shrinking reserve supply.
Overall tone: More hawkish. The comments emphasized resilient growth, rising inflation expectations, and a preference to remove easing bias, all of which lean toward keeping policy restrictive for longer.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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