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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Wyätt Gwyön who wrote (63675)1/31/2001 4:25:06 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
yes, but read the last sentence...they clearly have an easing bias. i expect rates to come down a LOT more, unless inflation unexpectedly turns up sharply...and even then, they will rather fight the slowdown than inflation imo, especially as inflation itself is more of a lagging indicator. little chance of it becoming endemic on the eve of the k-winter anyway.

note the U-shaped yield curve...it predicts FF rates will drop to 2,5-3%.
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