EFG's Murray Says December Hike Is a Done Deal

The transcript discusses the Federal Reserve's anticipated policy decision, with markets expecting a tightening move. It highlights the importance of communication in central bank policy to avoid surprises while maintaining the ability to enact meaningful changes. The relationship between the Fed's balance sheet contraction and its impact on Treasury yields is also explored, noting that expected changes may not significantly affect the market.

What tradeoff does the Federal Reserve face in terms of communication and market surprises?

What is the relationship between the Fed's balance sheet expansion and the 10-year Treasury yields?