Fed's Updated Scorecard: From "NI" To "S"

With the strong move lower in risk assets over the last ten days, we have upgraded the Fed's grade to "Satisfactory" in its task of removing elevated inflation expectations. We are covering some short

Last week, we had this to say about the Fed:

“The Fed is trying hard to lower inflation expectations. How are they doing? The scorecard so far says their grade is “Needs Improvement.” One way to score…