Robin Brooks: The Sep 22 Fed press conference was a snoozer until Chair Powell signaled a “fast” taper starting Nov 3. That jolted markets & we’ve been in a bond market sell-off ever since, despite surprisingly weak data. In case you’re wondering, this is what a “taper tantrum” looks like…
The Next FOMC meeting is November 2-3. What will the Fed do?
My take.
Who cares at this point?
The Fed delayed so long by the time they actually think they will hike, the Fed will be looking into the jaws of another recession with interest rates at zero.
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