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Outcome Rather Than Outlook; Reacting Rather Than Preempting (A Little Fed Watching)

edited April 16 in Other Investing
Maybe we will eventually get some lasting inflation.....
All this amounts to a backward-looking, rather than a forward-looking, monetary policy approach. Ironically, all the talking Fed heads now are saying that their “forward guidance” is no longer relevant since that was based on their outlook, which has not been relevant since the pandemic started. What matters now is the outcome, which can only be known after it happens!
Link to Yardini Blog

Comments

  • I don't see what is the complaint about. The Fed rather be late a bit then make preemptive measures which may not happen. Sometimes, just the Fed narrative can change market opinion/anticipation without doing anything.
    There is no way to forecast the future accurately since things change constantly.
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