GS just pulled their March hike. No hikes for you!
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Discussion
¯\_(ツ)_/¯ I think they’re wrong, although a lot depends on inflation numbers. Why would they stop when they have now insulated banks from high rate consequences?
Depends on what happens this week. If they do stop contagion etc
Well that escalated…… so massive liquidity via the fed window, larger than 2008 and now they hike? Welcome to the Twilight Zone 👻 👽 💵 🖨️
Very good point - taking that view, why would it matter if they pause in March…. As you said same net outcome for the banks? Will be fascinating either way…… narrative needs to develop.
More interesting where does 5y USA CDS open?