MLIV Pulse: What's your FOMC trade?

The transcript discusses the market's reaction to the Federal Reserve's monetary policy changes, highlighting investor skittishness as the Fed withdraws easy money. It delves into fiscal dominance and the debt trap, emphasizing the Fed's role in the economic downturn and the need for correction. Speculation on future rate hikes and their impact on the labor market and unemployment is explored. The transcript concludes with a mention of the return of bond vigilantes, indicating shifts in market dynamics.

What factors contribute to the Fed's ability to manage the economy effectively?

What is the significance of the term 'bond vigilantes' in the current economic climate?