According to Bespoke Investment Group, it has been 3,878 days since the Federal Open Market Committee last cut interest rates. That 10 ½-year streak is the second-longest on record, behind only the 4,115 days with no such move in the 1950s.
Matus has resigned himself to a quarter-point “insurance” cut on Wednesday, which he concedes probably won’t do much to hurt or help the economy. What he doesn’t want to see is an early end to the Fed’s balance-sheet reduction plan, which is scheduled to end in September anyway.“The only reason to do these rate cuts is to calm down markets,” he said.
Much as it doesn’t like the label, the Fed is central bank to the world — and the world is struggling.
why stimulate economy while she is going well? Is she going so well?
By cutting rates at record high equities while maintaining record debt and unfunded liabilities, especially since immigrants won't be picking up the social services tab with populism surging?
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