Fed policy has a heightened data dependency, leading to increased volatility in the bond market. The UST market’s narrative has shifted toward the possibility of rate cuts, but the Fed does not appear ...

Ask a Federal Reserve official where economic growth, inflation, and interest rates are going, and you’re unlikely to get an answer. The central bank is in data-dependent, wait-and-see mode, with ...

One phrase heard repeatedly in recent years is that monetary policy will be “data dependent.” In his Jackson Hole remarks, Chair Powell seems to have avoided the phrase while repeatedly emphasizing ...