Comment & Analysis
Mirror, Mirror: 2015 Could Be Reverse Image of the Year 1981, Says BNY Mellon's Richard Hoey
The year 2015 could be a mirror image of the year 1981, when highly restrictive policies by the U.S. Federal Reserve ended a prolonged uptrend in inflation, according to BNY Mellon Chief Economist Richard Hoey. Hoey made the comments in his March 25 commentary, State of the Debate. Yields peaked in…
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