Will the ‘Fed Put’ Work on the Next Go-Around?
April 05, 2019 at 09:00 AM EDT
The Federal Reserve’s “180-degree turn” has worked swimmingly for borrowers and risk-takers alike. The 10-year yield has dropped from 3.24% to 2.62%. That may encourage households and businesses to lever up with more debt. Meanwhile, stocks are surging upward, reaching for the record heights...