#DYM.智能策略库 🥇🥇
Jackson Hole Annual Meeting Report:
After raising interest rates, inflation will have a greater impact on the market
A report published at the Jackson Hole annual meeting said that it was after the Federal Reserve started its interest rate hike cycle in 2022 that the bond market became more sensitive to inflation data.
This means that the public does not understand the FOMC's (monetary policy) strategy before raising interest rates. “Consistent with shifts in perceived policy responses, event studies show that interest rates are significantly more sensitive to surprises in inflation data after a rate hike. The increase in perceived inflation responses may aid the transmission of monetary policy to the real economy, and improves the Fed’s inflation-unemployment trade-off,” the paper’s authors (Michael Bauer, Carolin Pflueger, and Adi Sunderam) wrote!
#SUN.智能策略库 🥇🥇
