Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

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Did Sen. Manchin Just Read The Fed The Riot Act?

Updated: Sep 6, 2021


For those that missed it, Senator Manchin wrote an open letter in the WSJ to the Fed. "Dear Fed. Stop. Just stop. Inflation is hurting voters, correction I mean people!" And yet, it was a fairly quiet day for everyone except the Treasury bond traders. The market knows where the real power lies and is waiting for him to speak.


WSJ letter: http://ow.ly/kyrJ50FMdvn


Fun history: The Riot Act https://lnkd.in/eCrnSW5X



What is the bond market saying? If Congress and the White House ask the Fed to squelch inflation, that means a lot more tightening than gradual QE reduction. We're talking interest rate increases and everything!


Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.


© 2021 Lloyds Intrepid LLC

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