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Open original source ↗For Jim Bianco, president of Bianco Research, it’s a signal that bond traders are worried that the Fed is cutting rates even as inflation remains stubbornly above its 2% target and the economy keeps defying recession fears.“
The market is really concerned about the policy,” said Bianco.
“The concern is that the Fed has gone too far.”If the Fed continues to cut rates, the mortgage rates will go “vertical,” he added.
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The bond market isn’t buying President Donald Trump’s idea that faster rate cuts will send bond yields sliding down and, in turn, slash the rates on mortgages, credit cards and other types of loans. https://t.co/ctnm7178mT
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