Fed’s Lacker: markets may be underestimating FOMC tightening pace

Richmond Fed chief Jeffrey Lacker in an interview on BBG. Short term interest rate markets have for months priced in a slower tempo of increases than policy makers themselves forecast. That’s risky because the misalignment, a bet against rate path that the central bank alone controls, could lea…

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Fed’s Lacker: markets may be underestimating FOMC tightening pace