The Fed will increase rates aggressively but the yield curve is screaming STOP!!!.

We saw the long end of the curve call bullshit starting in December. It continues today. So the overall reading of the bond market is not for growth and inflation expectations. Instead, it is the exact opposite.

The LIBOR curve says the same thing.

A lack of liquidity is going to mean less economic growth which we saw since the end of the GFC.

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