What the Sigma

Stocks And Treasuries Rally While Fed Independence Wobbles


Listen Later

Stocks and thirty-year Treasuries both just rallied hard at the same time, which is basically the market saying it likes the economy but has no idea what's coming next. The drama? Trump's making Federal Reserve appointments that Elizabeth Warren says threaten Fed independence, while his advisor publicly insists independence is "really important"—classic move of affirming a principle while critics say you're actively undermining it. We don't even know who these nominees are yet, but that information vacuum matters because Fed credibility directly affects your mortgage rate, the dollar's value, and whether foreign investors keep trusting American debt.
...more
View all episodesView all episodes
Download on the App Store

What the SigmaBy Grep News | Chad Stacks