The Fed between Scylla and Charybdis: an update

About three years ago, I wrote that in raising rates the Fed was caught between the Scylla of higher long rates killing the housing market and the Charybdis of falling long rates causing a yield curve inversion, and that “The Fed has to hope that long rates remain in a narrow band of stability.” 

https://bonddad.blogspot.com/2015/05/analyzing-crosscurrents-maturing.html