A Little History of Wages, Inflation, Treasuries and the Fed. And What We Learn from it

On this page we show that Inflation expectations and wages drive the behaviour of the Fed and Treasury bond yields. Excessive wage increases lead to recessions, more or less voluntarly caused by central bank tightening Central banks pin down the short end of the yield curve, while financial-market…

Read the original here:
A Little History of Wages, Inflation, Treasuries and the Fed. And What We Learn from it