People are going to hear about it tonight on the TV, the highest yields in four years. |
The idea is that the Fed has a little more work to do and the economy is showing trend-level growth. A really ugly housing number could hurt consumer spending, but that hasn't been the case yet. A soft number helps the market. |
The idea is that the Fed has a little more work to do, but inflation doesn't look to be a problem and the economy is showing trend-level growth. |
The risk is people leave with the perception that the Fed is concerned about inflation, and that the lower long-term rates stay, the more they have to push short-term rates. |
There's some concerns we're going to get a pretty good employment report tomorrow. |