Larry Summers Calls Terminal Rate Crossing 5% ‘A Milestone:’ What He Says About Potential Of Further Rise – Vanguard Total Bond Market ETF (NASDAQ:BND), SPDR

George T. Taft

Former Treasury Secretary Lawrence H. Summers has pointed out that the terminal rate, as reflected by the Fed funds futures, has crossed the 5% mark, and this is a significant milestone. However, most of the possible increase in the current cycle has already taken place, he said. “The terminal rate, according to Fed […]