Lou Crandall, chief economist at Wrightson ICAP, will retire at year-end after a 44-year career. Starting in 1980 at the Federal Reserve Bank of New York under Paul Volcker, Crandall became a benchmark for money market forecasting. His weekly "Money Market Observer," established in 1982, was relied on by traders and strategists.
Michael Cloherty of CIBC called him "the premier voice" since the early 1980s. Mark Cabana of Bank of America noted Crandall is "a titan" and "the benchmark." Crandall's granular Treasury cash balance forecasts influenced funding markets. As he retires, Wrightson held discussions with potential partners to incorporate his analysis into other platforms, barring a tie-up, publication will cease.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing