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Commentary Topic from greenfaucet

Fed Fund Futures: What's the Market Thinking?

Another former Fed club member weighs in today on how/when/if the Fed unwinds the massive monetary stimulus it's created over the past year. Frederic Mishkin, a former FOMC member, summarizes the problem and the potential in today's Wall Street Journal, observing that there's good news and bad news embedded in the recent rise in long-term interest rates: