- Bond market predominantly driven by global search for yield
- We are making progress on employment, slow progress on inflation
- Case for hiking rates 'strengthening'
- Hesitant to raise Fed's 2% inflation target
- Debate about Fed monetary policy and targets is 'healthy'
- Liquidity is fundamental force driving bond market
- Case for removing accommodation in strengthening
The question is: How will the market take a similar comment from Yellen? My guess is the dollar bulls will get far more excited and that stocks are vulnerable.
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