Attention Economy


Sunday, October 6, 2024

Bond Market and Forecasters Keep Getting it Wrong

How My Hard Economic Landing Forecast Went Wrong
https://www.bloomberg.com/opinion/articles/2024-10-03/ex-new-york-fed-head-bill-dudley-on-his-wrong-hard-landing-call
 
Bond Traders Buckle Up for ‘No Landing’ After Jobs Surprise
https://www.bloomberg.com/news/articles/2024-10-06/bond-traders-buckle-up-for-no-landing-after-jobs-surprise
“What could happen is the Fed either delivers no more rate cuts, or actually finds itself having to raise rates again.”
 
My recommendations from June 2024 sound quite reasonable:
https://thehill.com/opinion/finance/4701798-the-fed-needs-to-set-a-higher-target-for-long-term-interest-rates/