The 'Other' Confidence Indicator

Tyler Durden's picture

Presented with little comment, but as we head into another FOMC meeting, we remind all those 'recovery is just around the corner'-ites that the market's expectations for how long the Fed will be on hold has never been higher at around 35 months - certainly doesn't suggest an expectation of things getting better in reality any time soon.

 

 

Chart: BofAML