It seems that inflation is running close to 3% exceeding the 2% target, and the Fed needs to balance risks to inflation and employment without giving specific forecast directions on yields.
The interviewee expressed concern about inflation above target and downside risks to labor markets, implying a cautious stance on monetary policy that would likely prevent cuts but also avoid aggressive hikes, suggesting cautious upward pressure on yields over the medium term.
167 calls
no reliable edge (random outcomes)
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