No hidden signal in the San Francisco Fed paper, economists say

No, it was not a hint. U.S. bond yields moved higher this week after investors took a San Francisco Fed research paper as some sort of hidden signal from the central bank. But it wasnt, Fed watchers said. “Research from Fed staffers has not been a reliable guide to policy outcomes. It has been…

Read more: 
No hidden signal in the San Francisco Fed paper, economists say