Bank's Face A Crisis Of Confidence | Weekly Round Up
Inflection Point
00:00
Is the Bond Market the Single Source of Truth?
The market implied terminal rate, which as of March 9th or 10th was you can actually see a spike in this chart when Jerome Powell had his testimony. And now it's background at 5 and the market pricing for Fed funds change in the second half of 2023, we're now pricing in an expectation of rate cuts. So based on what I'm seeing in the terminal rate, the expectations of rate cuts, the stress that's going on in the banking system and Bitcoin, all of that paints to me a picture of the market thinking that the Fed is blinked. That's what it looks like to me. But am I wrong there because I understand that the Fed has solved this for
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