Gor: Bond boom imminent


Vimal Gor at Ellerston is one my faves. He writes at the AFR that the Federal Reserve is planning to drop rates earlier than the market anticipates.

Gor believes declining employment will provide them with the necessary impetus to lower rates, and there’s a chance this happens as soon as July.

The Fed must take into account the employment situation in addition to inflation because of its dual mandate, which makes it even more crucial given that the US election is less than six months away.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.