A New ‘Warsh’ Cycle
The Fed may be entering a new era, and investors expecting easy rate cuts could be in for a surprise. This week on the Basis Points podcast, Kevin Flanagan is joined by Maggie Lucier, Senior Associate, Investment Strategy. Together, they discuss why Kevin Warsh's policy approach could mean higher-for-longer rates, greater bond market volatility, and a fresh playbook for fixed income investing.
Basis point: 1/100th of 1 percent.
Handle: A market term referring to the whole-number portion of a yield or price.
Agg: Refers to the Bloomberg US Aggregate Bond Index
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The skinny
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