Market Metrics, 3/6/26

[lastlib]

3. No, I haven't.

Good question, though. At the moment, I don't see that as a likelihood. It's more of a response to high stress in the lending markets, which isn't really the case right now. It could happen down the road, but we're not there--yet. Watch the Treasury bond yields for clues to something happening; if they start rising rapidly, the Fed may move, but I think it will have to get a LOT worse before it moves. A sooner response would be a rate cut by the Fed, unless things turn REALLY dire really fast (like 2008).