This week’s FOMC meeting got quite a few observers worried that the market might be pricing in too benign a path for US rates when compared to the median forecasts for Fed Funds issued by the Committee for the next two years.

As markets start getting a little jittery, three themes in particular have caught my attention, amidst the ton of material that has been published over the last few days. Here’s an overview, with links to all relevant references. And no, I won’t mention Scotland…  Continue reading →