Federal Reserve Is Running Out Of Credibility: BoA

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Rupert Hargreaves
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Federal Reserve Is Running Out Of Credibility: BoA “To us, there is one worrying sign in the reaction of the bond market to the better data and hawkish Fed speak unlike 2013: instead of the optimistic signal the yield curve sent during the taper tantrum, long end rates now suggests a re-ignition of the policy mistake trade.” Bank of America Merrill Lynch Financial markets have been fixated by the day-to-day commentary from the Federal Reserve ever since the financial crisis. Indeed, ever since the crisis, markets have moved in lockstep with the Fed’s tone and is now widely assumed that…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk