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On the Fed's playing chicken with the bond vigilantes

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On the Fed's playing chicken with the bond vigilantes

Edward Harrison
Mar 18, 2021
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On the Fed's playing chicken with the bond vigilantes

pro.creditwritedowns.com

Yesterday the US Federal Reserve Open Market Committee released a policy statement that it has decided to stay the course on accommodative monetary policy through zero rates and quantitative easing. It provided absolutely nothing in terms of hints regarding future tightening despite a massive upgrade in economic forecasts for 2021.

Although there were so…

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