In the first edition of their “Chart of the Week” series, Frank Barbera, Jr., CMT, Co-Portfolio Manager of Sierra Mutual Funds argues that Fed watchers may have overlooked an important, yet subtle alteration in Fed monetary policy.
“Specifically, a Fed that appears to be quietly reengineering its monetary trigger away from the unemployment rate and toward the direction of inflation.”
Read more of Barbera’s analysis of Treasury Secretary Yellen’s recent congressional testimony and what it means for the bond markets:
