Excerpt from CNBC quoting DataTrek’s Nick Colas:
…. “While the Fed may want to portray its 2020 rate policy as stable, markets are signaling that their bias should be to further easing,” Nicholas Colas, co-founder of DataTrek Research, said in his daily note Wednesday…
Rising spreads of speculative-grade corporate debt compared to government bonds of the same duration are another cause for Fed concern, Colas said. Also, stocks have rallied as the Fed has expanded its balance sheet since October, putting more pressure on policymakers to keep policy accommodative”….
Read the full article here on CNBC!