- The market is focusing too much on banking strains
Maybe it's the Fed and regulators that should have been focusing a bit more on banking strains? The Fed was briefed on SVB in February and did nothing for years as Randal Quarles dismantled supervision and regulation.
- I expect inflation to be stickier and the labor market strong
- Markets 'should listen to me' on rate outlook
- The Fed needs rates above 5%
The arrogance...
