Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries How politics is intruding on Fed policy By: Humble Student of the Markets July 06, 2024 at 13:18 PM EDT Recent U.S. economic data has generally been weakening, as evidenced by the decline in the Citigroup Economic Surprise Index (ESI, gold line), which measures whether economic data is beating or missing expectations. As ESI has been roughly correlated to bond yields, this should put downward pressure on rates and expectations of rate cuts in the near future. Not so fast! Fed policy has become increasingly constrained by politics, both on a short- and long-term basis. Here’s why.The full post can be found here. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
How politics is intruding on Fed policy By: Humble Student of the Markets July 06, 2024 at 13:18 PM EDT Recent U.S. economic data has generally been weakening, as evidenced by the decline in the Citigroup Economic Surprise Index (ESI, gold line), which measures whether economic data is beating or missing expectations. As ESI has been roughly correlated to bond yields, this should put downward pressure on rates and expectations of rate cuts in the near future. Not so fast! Fed policy has become increasingly constrained by politics, both on a short- and long-term basis. Here’s why.The full post can be found here.