Blowing Up: The Italian Debt Crisis, The Experts That Missed It – And What’s Next

The Fed’s own James Bullard said earlier today... “Holding off on further rate increases… would help improve market-based measures of inflation expectations and make the Fed’s commitment to meeting its inflation target more credible. It would also lower risks that short-term interest rates might rise above long-term ones, an “inversion” of the yield curve that has often preceded a recession.

But what happened to the ‘nice yield slope’ Mr. Bullard saw only 27 days ago? Now he’s worried about preventing inversion? Imagine that. 

The market isn’t expecting the Fed to hold off on hiking in June. The financial media is touting it as if it’s a sure thing.

They could be in for a big surprise – just like the poor turkey...

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Disclaimer: The piece is from my original write-up @ Palisade-Research.com - all ideas expressed and charts are my own. Sources and quotes are credited. 

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