myosotis
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I was listening to a BBC radio business programme this morning, and was surprised to learn that the USA Federal Reserve is currently doing the 'moonwalk'. 
I've attached a relevant article below:
I thought it would be nice to collect instances of the moonwalk being quoted in other spheres of life!
Michael's dance move has coined a term that seems to have wider application than he might have dreamed that night at Motown 25!
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Fed’s ‘Moonwalk’ sparks bets on low rates
Bond investors are betting that US rates will remain near historic lows following mixed signals from the Federal Reserve, highlighting a persistent gulf in expectations between the central bank and markets.
A day after the Fed dropped its pledge to be “patient” over lifting rates, traders were betting that its key interest rate would be just 1.80 per cent by the end of 2017. Market rates rose on Thursday but investors’ forecasts are still well below the Fed’s own projections.
Tad Rivelle, chief investment officer for fixed income at TCW, said the Fed was giving the markets conflicting messages on rates, describing its signalling as similar to a “Michael Jackson moonwalk”.
“It looks like you are going one way but in fact you are moving in the other direction,” he said.
Janet Yellen, the Fed chairwoman, said on Wednesday that the majority of members of the Federal Open Market Committee were expecting rates to rise this year amid “considerable underlying strength” in the economy.
However, a series of reductions in the Fed’s interest-rate projections alongside forecasts of weaker growth and inflation prompted traders to conclude that the central bank was taking a more cautious view of the economy — even as it opened up its options on rates.
That suggested a move in June was now less likely, and traders were betting that by the end of the year the funds rate would be about 0.5 per cent, up from the current 0 to 0.25 per cent target.
The interplay between currencies and central bank policy has anchored US bond yields at low levels, bolstering market expectations that the pace of the next tightening cycle will be modest.
Investors on Thursday seized on the Fed’s decision to lower its estimate of the longer-term rate of unemployment to 5-5.2 per cent, suggesting that the US jobs market may have more slack than previously believed and allowing the FOMC to keep rates lower for longer.
Ms Yellen also highlighted the impact of the soaring dollar on the Fed’s assessment of export growth and inflation. While the dollar reflected the US economy’s strength, it would also act as a “notable drag” on net exports this year, she said, adding that it was pulling down import prices, pointing to low inflation for longer. The dollar had retraced most of its losses in the wake of the FOMC meeting, and was up 0.8 per cent against a basket of major rivals late on Thursday.
http://www.ft.com/cms/s/0/65a0e338-ce51-11e4-900c-00144feab7de.html#axzz3VZxo3H70
I've attached a relevant article below:
I thought it would be nice to collect instances of the moonwalk being quoted in other spheres of life!
Michael's dance move has coined a term that seems to have wider application than he might have dreamed that night at Motown 25!
----------------------------------------------------------------------------------------------------
Fed’s ‘Moonwalk’ sparks bets on low rates
Bond investors are betting that US rates will remain near historic lows following mixed signals from the Federal Reserve, highlighting a persistent gulf in expectations between the central bank and markets.
A day after the Fed dropped its pledge to be “patient” over lifting rates, traders were betting that its key interest rate would be just 1.80 per cent by the end of 2017. Market rates rose on Thursday but investors’ forecasts are still well below the Fed’s own projections.
Tad Rivelle, chief investment officer for fixed income at TCW, said the Fed was giving the markets conflicting messages on rates, describing its signalling as similar to a “Michael Jackson moonwalk”.
“It looks like you are going one way but in fact you are moving in the other direction,” he said.
Janet Yellen, the Fed chairwoman, said on Wednesday that the majority of members of the Federal Open Market Committee were expecting rates to rise this year amid “considerable underlying strength” in the economy.
However, a series of reductions in the Fed’s interest-rate projections alongside forecasts of weaker growth and inflation prompted traders to conclude that the central bank was taking a more cautious view of the economy — even as it opened up its options on rates.
That suggested a move in June was now less likely, and traders were betting that by the end of the year the funds rate would be about 0.5 per cent, up from the current 0 to 0.25 per cent target.
The interplay between currencies and central bank policy has anchored US bond yields at low levels, bolstering market expectations that the pace of the next tightening cycle will be modest.
Investors on Thursday seized on the Fed’s decision to lower its estimate of the longer-term rate of unemployment to 5-5.2 per cent, suggesting that the US jobs market may have more slack than previously believed and allowing the FOMC to keep rates lower for longer.
Ms Yellen also highlighted the impact of the soaring dollar on the Fed’s assessment of export growth and inflation. While the dollar reflected the US economy’s strength, it would also act as a “notable drag” on net exports this year, she said, adding that it was pulling down import prices, pointing to low inflation for longer. The dollar had retraced most of its losses in the wake of the FOMC meeting, and was up 0.8 per cent against a basket of major rivals late on Thursday.
http://www.ft.com/cms/s/0/65a0e338-ce51-11e4-900c-00144feab7de.html#axzz3VZxo3H70