PremiumAuthored by Michael Ball, Bloomberg macro strategist,The lack of Federal Reserve forward guidance under Kevin Warsh’s leadership risks a structurally more volatile backdrop, as a lack of clarity on how the central bank will respond to a more inflation-prone global economy will create the conditions for an increasingly assertive bond market.
Higher Rate Volatility Will Be New Norm In Warsh Era
This environment leaves duration-sensitive financial assets such as small-cap stocks particularly exposed because of their refinancing needs...
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