At a WSJ event, NY Fed president John Williams said, “If financial conditions loosen too much, we would have to go higher on rates.” Question now is what is their definition of financial conditions. I still assume it is credit spreads and the S&P 500.
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About Peter
Peter is the Chief Investment Officer at Bleakley Advisory Group and is a CNBC contributor. Each day The Boock Report provides summaries and commentary on the macro data and news that matter, with analysis of what it all means and how it fits together.