BAML Looks Ahead And Sees Fed People This Week And Next

There are knowns and there are known unknowns, former US Defense Secretary Donald Rumsfeld uttered in February 2002. The man who advocated for an invasion of Iraq was involved in a known unknown himself when the George W. Bush administration stated that Iraq possessed weapons of mass destruction.

Looking at interest rate policy and potential risk around the world, Bank of America Merrill Lynch considers the “Known Unknowns” going forward.  They include a heavy dose of interest rate rise introspection, the bank report noted, preparing traders for the...