22 Aug Fixed Income Perspectives – Rates: The Final Frontier
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Voya Investment Management – Fixed Income Perspectives – August 2015
In the original Star Trek, Captain Kirk relied heavily on his human/Vulcan science officer Mr. Spock for guidance. Captain Picard, who helmed the series for one of its several reboots, found a confidant in an android by the name of Data. Similar to the crews of the starship Enterprise in all its iterations, the Federal Reserve boldly went where no other Federal Open Market Committee had gone before, embracing zero interest rate policy in 2008. But it’s time to return home, and the Fed has long-stated that it would pursue a more Picard-esque — i.e., “data-dependent” — approach to the timing and trajectory of its rate liftoff.