THE REASONS WHY THE FED BLINKED

The 'tourist examines the recent Fed pivot and lack of pushing back on financial conditions easing

A couple of weeks ago, I wrote a piece about how the Fed would likely push back on the easing of financial conditions. In WATCH FOR A SUBTLE SHIFT, I argued that the pace of loosening would make the Fed uncomfortable, and even though I did not expect them to reverse their stance, there would likely be a “don’t make me pull this car over” moment.

Well, I …