Mar 18
Interest Rates: Growth, Inflation and Real Liquidity
Over the next six months, we expect the pattern of interest rates to reflect market expectations of growth, inflation and the provision of liquidity. So what is the outlook for these factors? And is the growth of liquidity less than some perceive? Is Liquidity Really Growing in the Marketplace? Perhaps this is just being āold schoolā but the perception of helicopter money and liquidity does not appear consistent with the data nor with the actual record of Fed operations. First, the