Macro Matters: BNY’s Velis on Fed Policy, Curves and the Dollar
With markets questioning how much further the Federal Reserve will tighten, the path of short-term rates may matter more for the yield curve than persistent fears about inflation or fiscal...
By Aditya Somani · Bloomberg
With markets questioning how much further the Federal Reserve will tighten, the path of short-term rates may matter more for the yield curve than persistent fears about inflation or fiscal policy. John Velis, macro strategist for the Americas at BNY Mellon Markets, joins Bloomberg Intelligence chief US interest-rate strategist Ira Jersey to discuss this and more on this Macro Matters edition of the FICC Focus podcast. Velis explains why he expects a December hike but is skeptical the Fed will de