When Hawks Cry
At their last meeting in March, the FOMC altered their reaction function and adopted a more cautious approach.  Since then both US inflation and growth data have come in notably softer.  This development has justified the Fed's new approach and the prospects for imminent policy action have become quite remote. Â
What are the implications of this shift for financial markets? Â
- ​The yield curve will flattenÂ
- Equities and some other risky assets will be supported
- Fundamentals will matter more!Â
MIG provides investors with clarity on markets, macro and monetary policy. It combines a rigorous analytical approach with unique insight into central banks based on over a decade of experience. Clients appreciate our clear and accessible communication style
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