Board member Lael Brainard is set to moderate a panel Tuesday.While the program doesn’t lend itself to comment on the immediate outlook -- it’s described as “a Fed listens event” -- it does offer a timely opportunity to recalibrate expectations ahead of the Fed’s June 18-19 policy meeting.Meantime, it’s been the bond market that’s recalibrating. And not just Treasuries. But he also said Treasuries are starting to look like they’ve risen too far.JPMorgan Chase & Co. strategists had a similar take, slashing their Treasury yield forecasts in recent days yet warning investors not to chase the latest rally for now.By contrast, investing superstar Stan Druckenmiller is piling in. He said he could see the Fed funds rate going to zero in the next 18 months if the economy softens. - Bloomberg

Source: The Star June 04, 2019 06:11 UTC