Reasons Not to Expect a Huge Policy Unveiling From Yellen
The world’s biggest bond traders are getting fed up with Fedspeak. Weeks of conflicting economic reports have whipsawed investors seeking to handicap the path of interest rates, and money managers overseeing about $6 trillion, including Pacific Investment Management Co. and Vanguard Group Inc., say policy makers aren’t making their task any easier. While the minutes from the Federal Reserve’s July meeting showed divisions within the rate-setting committee, New York Fed President William Dudley and San Francisco Fed President John Williams have signaled that a hike may be coming by year-end. Manulife Asset Management Chief Economist Megan Greene discusses with Bloomberg's Anna Edwards on "Countdown."