The Cuts Go Marching One by One This meeting was not expected to produce any changes in policy rates, and that was indeed the case. Perhaps this meeting can be described as the opposite of the popular saying: words speak louder than actions. We did get confirmation that most FOMC members do expect to cut…Read more
Surprising Strength There’s plenty to potentially weigh on the world economy this year: persistent inflation, high interest rates, economies teetering at the brink of recession, war, and concerns about energy costs. But according to the International Monetary Fund, there’s reason to be optimistic. The institution raised its global growth forecast this week, partly because of…Read more
A Tale of Two Landings There has been a lot of talk about the Fed sticking a “soft landing”, in which inflation moderates in response to tight monetary policy but the economy avoids a recession. With each data point showing the prowess of the U.S. economy – see last week’s Q4 GDP report, for example…Read more
