Pause: Goldman No Longer Expects Fed To Hike In March Due To “Stress In The Banking System”
March 12, 2023 at 23:26 PM EDT
Earlier we said that the Fed/Treasury’s new alphabet soup bailout facility, the BTFP, stands for Buy The Fucking Pivot as it confirms what we have been saying for months: it’s just a matter of time before the Fed’s rate hikes cause a “credit event” and force the Fed to pivot (incidentally, something Michael Hartnett also […] Source
