Report
R.I.P. forward guidance (2009-2022)
In the years following the 2008 global financial crisis, a period marked by persistently low inflation, the Fed used to set a medium-term course for its monetary policy. This forward guidance basically consisted of keeping policy rates lower than normal for a long time until inflation picked up. After the inflation boom of 2021, this is no longer useful. The Fed is positioned to raise policy rates at a "steady" pace, which could mean 3-4 hikes in 2022 if inflation moderates or up...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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