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No chance we’re having a soft landing, most pernicious Fed tightening since Volcker

No chance we’re having a soft landing, most pernicious Fed tightening since Volcker
Market Watch interviewed David Rosenberg, who was a former chief North American economist at Merrill Lynch and is now president of Toronto-based Rosenberg Research.His US economic outlook is blunt:“There is no chance we’re having a soft landing in the context of the most pernicious tightening by the Fed since the Paul Volcker years,”Think of the ridiculous situation we’re in. The Fed is pegging the funds rate in a 5.25% to 5.5% range. The 10-year Treasury yields 3.8%. What is the bond market tel... Read More
Posted: Jul 24 2023, 21:58
Author Name: forexlive
Views: 102116

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