This is our third instalment looking at what the Federal Reserve could break with this quantitative tightening sequence.
Credit spreads aren’t blowing up and the repo market is so messed up that there is nothing left to break. But there is one thing that the Fed cares above all else: the state of the US economy.
So let’s take a look at the main metrics …
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.