- ‘No one knows’ when Fed will raise main raite
- US did not experience usual cyclical demand
- Performance of economy ‘very disappointing’
- Labor markets are tightening, spurring inflation
US 10-year yields are flirting with 2.50% once again while the S&P 500 is just a point above the 55-day moving average. Dudley and Plosser aren’t factors in the latest moves.