Effectiveness of additional rate hikes questioned in current environment, Lyn Alden notes - Traders Union
Effectiveness of additional rate hikes questioned in current environment, Lyn Alden notes - Traders Union
Source: Traders Union
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DW NOTE
The Fed wants to raise rates into 5.22% 10-year yields with oil at $105, a $2 trillion deficit, and inflation stuck above target for eighteen months. Lyn Alden is being diplomatic. Further hikes won't cool demand that's 40% fiscal and 30% energy-driven — they'll just price more borrowers out while the Treasury keeps printing.