We expect the Fed to cut rates 25bp in July, pull forward the end of balance sheet contraction and later this fall change their inflation target from 2%, to an average of 2% through the cycle. Not to be outdone, the ECB will change forward guidance from time dependent to inflation contingent, restart QE and cut rates while also changing their target fr…
© 2024 Barry C. Knapp
Substack is the home for great culture