BOFA: INFLATION EXPECTATIONS TEST FED CREDIBILITY BofA said 5Y5Y forward inflation expectations have become the key gauge of Fed credibility
BOFA: INFLATION EXPECTATIONS TEST FED CREDIBILITY BofA said 5Y5Y forward inflation expectations have become the key gauge of Fed credibility as markets question whether policymakers will follow through on inflation-fighting rhetoric. The bank said recent gains in forward breakevens reflect weakening confidence in the F