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Apollo’s Slok Expects ‘Hawkish Flavor’ From Warsh on Economic Outlook
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsEconomic Data
Apollo’s Torsten Slok expects Fed Chair Kevin Warsh at Jackson Hole to shift from forward guidance to “framework guidance,” with a hawkish tone. The expectation implies tighter/less accommodative policy positioning, which is likely to pressure rate-sensitive assets and move yield expectations.
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