Jim Chanos Says Market Believes Fed Will Ease in Early 2023

Responding to a comment after Ed Yardeni’s Op-Ed in the Financial Times yesterday that argued the Fed may already be at a neutral rate, Jim Chanos, the founder of Kynikos Associates, said that the market already believes the Fed will be easing monetary policy in early 2023.

He followed up by saying that strategists calling the notion of the Fed easing so quickly a “variant perception” seem to lack awareness of the futures market.