By all accounts, the U.S. economy is growing robustly, with very low unemployment and very low inflation. The Dow Jones Industrial Average DJIA, +0.29% and S&P 500 index SPX, +0.45% are near record levels and interest rates are extremely low. It’s what they used to call a Goldilocks economy, with nothing too hot or too cold and everything just right.
Goodbye data dependence Instead of maintaining a data-dependent stance that would let the evolving state of the economy inform their decisions, the Fed has opted to fly by the seat of its pants, to let gut feelings dominate reason. Cutting rates doesn’t help that process. A rate cut at this point only emboldens Trump and those leaders to adopt even harder lines. They know Powell has their back if they create even more uncertainty.The global headwinds receded slightly with the tariff truce at the G-20 summit. The tail risk of a U.S.
Not one member thought growth would go below 1.5%. Not one thought unemployment would go above 4%. Not one thought inflation would drift further away from the target.
RexNutting Don’t listen to the man he is a dumbo💩👺👹🤡
RexNutting Sounds like another paulkrugman prediction 😆 💰
RexNutting the U.S. economy needs half of point, at least, it would be sweeet.🍰