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> I’ve come to associate it with an attempt to will the Fed into doing what they want. They kind of got what they wanted. IIRC, before SVB collapsed, it was w
by tablespoon 4y ago
> I’ve come to associate it with an attempt to will the Fed into doing what they want.
They kind of got what they wanted. IIRC, before SVB collapsed, it was widely believed the Fed was planning to hike rates by far more than they just did (IIRC, 0.75%).
- pclmulqdq 4y agoI think the expected number was 0.5% before SVB collapsed, with some people betting on 0.75% on the bad inflation data.