You have certainly heard this if you follow macro economics: “the Fed will continue raising rates until something breaks.”
But what is this “something”?
This is the second part of our series trying to understand what the Fed is likely to break in this quantitative tightening cycle and today we are focusing on the repo market.
Keep reading with a 7-day free trial
Subscribe to Ecoinometrics to keep reading this post and get 7 days of free access to the full post archives.