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...“I’ve been really surprised by the lack of pushback” from rate setters, said Michael Metcalfe, head of macro strategy at State Street....
...Lipton explained how the agriculture sector generally, small producers especially, and in consequence development as a whole, were harmed by what he described as “urban bias”....
...At Unhedged, though, our bias is towards conceptual simplicity. So here is one dumb way to make the point....
...“The bias in the market is that the Fed is done, but I don’t think the Fed has any issue hiking again if it is warranted....
...“We’ve got the well-known confirmation bias where we are predisposed to pick up signals, data, evidence that reinforce our current belief....
...In October 1987, Michael Fish, a BBC weatherman for whom the term “national treasure” could have been invented, told viewers that a woman had phoned in and asked if a hurricane was on its way....
...Thus confirming our bias that psychological effects are pervasive in markets. Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...People “have had enough of experts”, said Michael Gove, now UK housing secretary, during the Brexit campaign in 2016. In 2023 the stock market agreed....
...Hopes of a cameo in a Michael Lewis book? Any of this is enough to set the SEC sniffing around....
...“Even the merest semblance of bias must be avoided, and that [principle] was not observed here,” he said....
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