Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
What the Bond Market Is Saying About Warsh's First Week
With Kevin Warsh set to be sworn in as Fed chair on Friday, the bond market is sending a clear message: the ten-year yield has jumped to 4.57 percent, and the two-year is at 4.22. Lucas and Luna break down what this steepening yield curve signals about inflation expectations, the possibility of a July rate hike, and how Warsh's first days could shape market sentiment. They also look at the recent uptick in jobless claims and what it means for the Fed's dual mandate. If you want to understand the bond market's message to the new chair, this episode is for you.
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