Fed's pared-back communication backfires as markets reprice Treasuries
TL;DR
Investors say Kevin Warsh's pared-back Fed communication is already backfiring, eroding the central bank's influence over the US Treasury market as longer-dated yields surge and the yield curve steepens after the Fed holds rates steady, with traders demanding more clarity on future policy and latching onto volatility instead of guidance.
Topics:businessmarkets#federal-reserve#kevin-warsh#market-volatility#markets#treasury-yields#yield-curve
- Kevin Warsh’s stripped-back Fed communication ‘already backfiring’, say investors Financial Times
- Warsh’s Performance Falls Flat With Markets as Fed Holds Rates Steady The New York Times
- A divided Fed holds interest rates steady despite stubborn inflation The Washington Post
- Here are the five big takeaways from this week's Fed meeting CNBC
- Interest rates hold steady for now. Here’s how to prepare for a future hike. KSAT
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