David Wagner is focusing on the Core number. He says it seems like the market is challenging the Fed, like it did in September 2018. He adds, the Fed raised rates too fast on inflation expectations, and the market corrected down 10%. He explains the correction led the Fed to change their plan and took rates to nearly 0%, where it stands now.
Morning Trade Live
10 Feb 2021
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David Wagner is focusing on the Core number. He says it seems like the market is challenging the Fed, like it did in September 2018. He adds, the Fed raised rates too fast on inflation expectations, and the market corrected down 10%. He explains the correction led the Fed to change their plan and took rates to nearly 0%, where it stands now.
Morning Trade Live
10 Feb 2021