Asset Allocation… Neutral Policy Rate 17 Nov 2014 The concept of a Neutral Policy Rate has a very specific meaning in contemporary central bank practice. The neutral policy rate is the short-term interest rate consistent with full employment,…
Global Macro… A Short Market Commentary – Third Quarter 2014 13 Nov 2014 Although the Fed often stated that it had no set time frame for removing their ultra-accommodative policy (zero interest rates and QE), investors knew, given Chairman Bernanke’s exit strategy roadmap,…