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RE: TIB: Today I Bought (and Sold) - An Investors Journal #267 - European Banks, US Retail, Semiconductors, Shipping, Offshore Oil Drilling
Fed Powell was so avoiding the yield curve issue as he knowa that the Fed has limited tools to steepen the curve without impacting the economy and sectors that the administration wants to protect. He seems to have congress blinded by the positive impact of tax cuts which is only short term.
Exactly. Easy to answer the question by saying that Congress is providing the tools - keep the deficit growing and the long end of the curve will need higher yields to cover the perception of risk from the growing deficit.
I heard the Twist word again. Too bad the balance sheet is shrinking.