The Fed is About to Make a Move
The Fed is about to intervene in the markets.
The corporate bond market is once again coming under duress. The last two times this happened, the Fed announced a new monetary policy within days.
Junk bonds have broken below support.
Investment grade bonds are about to do the same.
The Fed has spent trillions of dollars propping up the financial system. Why would it suddenly decide to let them implode?
So we can expect the Fed to announce a new monetary policy, or at the very least, stage a verbal intervention shortly.
Editor, Money & Crisis