The Federal Reserve is widely expected to pause at its November meeting as part of its effort to achieve a soft landing for the U.S. economy. But State Street Senior Global Macro Strategist Marvin Loh has some concerns about the Fed’s data-dependent strategy. “”I think once they’ve [the Fed] has gone to this data-dependent route, they’ve really created a lot of risk, in terms of just how volatile and just how uncertain they are about how the economy is going to evolve. As a result, we’ve kind of seen… the longer part of the curve trade a bit unhinged relative to what we saw in the middle of the year and that’s really creating the volatility in the market,”” Loh tells Yahoo Finance Live. Watch the video above to find out what Loh says is the Fed’s “”impossible trinity.””
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
#fed #jeromepowell #yahoofinance
