The Alethea Narrative

The Alethea Narrative

Was Yesterday the Fed's Trichet Moment?

Moving in a hawkish policy direction while economic data continues to roll over sounds awfully familiar to ECB policy mistakes in 2008. Will history repeat?

Craig Shapiro's avatar
Craig Shapiro
Jun 13, 2024
∙ Paid

Yesterday may have been the Fed's Trichet Moment. Signaling a higher for longer outlook as the economy has begun to roll over means we are assured of a harder landing. Enter the narrative "The Fed is…

User's avatar

Continue reading this post for free, courtesy of Craig Shapiro.

Or purchase a paid subscription.
© 2026 Craig Shapiro · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture