Fed credibility on the line. Financial conditions are both tight and loose.
Saxo Market Call

Fed credibility on the line. Financial conditions are both tight and loose.

2022-03-31
Today's slide deck: https://bit.ly/3JYPpA4   -  Today we look at Fed credibility on the line in coming days with the Fed's preferred inflation measure, the PCE Deflator and Core levels for February is set for release later today and the March payrolls and earnings data is up tomorrow. The backdrop of financial conditions is a mixed bag, with market measures showing easing and a lack of Fed credibility while higher rates point to a significant tightening. Will the Fed respond to market co...
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