Snarky comments today from Bank of America:

“Memo to Federal Reserve Board of Governors: Get a Life” write analysts at Bank of America.

“The Fed speaks darkly of deflation and cuts the overnight rate, and then the 10-year yield rises 100 bps. A Fed governor warns of unwanted disinflation, and then inflation expectations rise in the TIPs market. Not for decades has the market faded the Fed with such abandon. When you have to stretch to find something to worry about, it’s time to kick back and enjoy summer.”

“Fed Says Rain? Bring The Sunblock”
Source: Dow Jones MARKET TALK

When Wall Street analysts start dissing the Fed Chair, its a sign that the Central Bank is losing influence and political support from their most important constituency . . .

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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