The Weekly Fix: Fed’s Zero Lower Bound Now a Matter of Debate
A man wearing a face mask takes a selfie at the Charging Bull statue on March 23, 2020 near the New Stock Exchange in New York City (Photo by ANGELA WEISS/AFP via Getty Images)
Photographer: ANGELA WEISS/AFPWelcome to the Weekly Fix, the newsletter that’s amazed by how different this trip to zero rates in the United States differs from the last one. – Luke Kawa, Cross-Asset Reporter
The asymmetries associated with a federal funds rate between 0 and 25 basis points are officially dead. No longer is it a surefire bet that the only direction American interest rates can go is up.