09/01/2023

Central Bankers Attempt to Climb Out of a Hole

Thus, while central bankers in the US remain biased – perhaps reluctantly – towards further rate hikes, the markets believe differently, ascribing just a 40% probability of a Fed rate hike by year-end.

08/29/2023

Marketheimer: Pulling in opposing directions

The twist is that rather than incongruous events, it’s contradictory evidence and conflicting interpretations of data, asset pricing, and Fed policy that’s happening right now.