Can The Fed Keep Raising Rates Amidst A Banking Crisis? | Michael Howell
Inflection Point
00:00
Is the Move Index Really Going Down?
The move index is a measure of how much volatility there is in the system. The authorities have got to make sure that index does come down because that's the key to feel like leverage. Jay Powell actually said as much and he referenced that fact. It's the base case of the Federal Reserve that the terminal in the banking sector will cause banks to curb lending somewhat. That may be equivalent to tightening of a rate hike, which is pretty remarkable. In my view, I think the economy is actually pretty robust in the US. And all the indications are that we're getting this bottom on fixed income markets."
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