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Jul 08 2022

Fed Pivot Watch

  • Jul 8, 2022

The late 2018 policy error and subsequent pivot of Chairman Powell’s rookie year is probably the best case-study for today’s pivot debate. Here we evaluate the current status of key pivot triggers and compare them to the readings of late 2018. Given the political environment and backward-looking nature of the Fed, we think the bar is higher for a pivot than the market hopes.


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About The Author

Chun Wang / Sr. Research Analyst & Co-Portfolio Manager