Akadia Capital CIO Michael Kao says return to 2-3% Fed Funds rate would likely come via severe economic and market bust

Akadia Capital CIO Michael Kao says a return to a 2-3% Fed Funds rate would most likely come through a severe economic and market bust, not a benign easing cycle. He suggests the market focus on the recent rise in yields may be misplaced.

Detected & updated continuously · Source: Nebula