The Fed is guaranteeing a recession soon. When the yield curve goes back to normal, that’s when the recession hits. I believe that’s why Trump wants some input.
The Fed can only control short term rates. The long term reacts to short term movements.
The weather wackos are using Oklahoma as their example. Exceptional drought followed by eight inches of rain in three days. Twenty six wildfires followed by multiple tornados. It’s raining outside now. Another three inches expected in the next forty eight hours on soaked ground.
I hope Maya is OK. Hopefully just communication problems.
Later
rno