Jim Bianco
@biancoresearch
Macro investment research at
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The ETF WTBN tracks our Index.
biancoresearch.eth
Joined September 2010
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The Fed did not make a policy error yesterday by hiking rates.
They ended a two-year policy mistake yesterday.
Explained below.
1/5
I have the opposite conclusion.
Fed cutting has been a two-year policy error that (hopefully) ends tomorrow with a hike (91% prob now).
This chart shows that since the Fed started cutting rates on Sept. 18, 2024, the 10-year yield is UP 1.30%
@AnnaEconomist @fundstrat
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