"... A Recession Has Always Followed": Is This The Real Reason The Fed Is Suddenly Panicking?
Tuesday, July 11, 2017 3:37 AM EDT
Bank of America is worried that the Fed is being lulled to sleep: the bond market is pricing in only about a 50 bp increase in the funds rate by year-end 2018 compared to the FOMC median forecast of 100 bp.