Investors worried about inflation push up wholesale interest rates, but central banks are pushing back by printing much more cash to buy bonds and create more inflation; RBA intervenes
Hi Bernard, I think your example proves your own argument wrong. The Fed said it wanted to tighten, the bond market threw a tantrum and the Fed retreated by turning on the printing machine again.
Hi Bernard, I think your example proves your own argument wrong. The Fed said it wanted to tighten, the bond market threw a tantrum and the Fed retreated by turning on the printing machine again.