When FOMC proceedings instructed the Federal Reserve won't make use of yield curve management, the markets reacted angrily.
On right this moment's version of The Breakdown's Long Reads Sunday, our choices must do with one of many hottest subjects in central banking: yield curve management.
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What Is Yield Curve Control?
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The first piece is from the St. Louis Federal Reserve and is a primer on YCC, together with previous U.S. implementations additionally to variations from Japan and Australia.
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Market Jitters Show How Much Fed Medicine Matters
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Our second piece is an op-ed about how dramatically markets reacted to this small element from the Federal Open Market Committee proceedings, and what it suggests for his or her necessarily involving YCC.
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