BofA: Clients are asking if we foresee an imminent shift from the Fed “given other central banks' actions and the sharp risk asset moves. We think these concerns are misplaced and that the Fed's job is still far from over. The Fed will keep hiking until the labor market cracks.”
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@NickTimiraos @zerohedge Or the treasury market cracks…
@NickTimiraos @eliant_capital BofA knows what’s up
@NickTimiraos The last sentence is the key and why the market is sniffing out peak rates. Employment cracks showing.
@NickTimiraos Fed Jawboning..
@NickTimiraos Or something else breaks. Like, err.....10YrUSTBond? 4.5-5.0% ten year, how do you like them apples?