The Federal Reserve made a major pivot last week in their policy. After declaring 'mission accomplished' in their inflation fight, the Fed almost immediately shifted to stimulation mode over growth concerns and a slowdown in the labor market. As we stated in our most recent economic update, yes growth is
“My confidence has grown that inflation is on a sustainable path back to 2%"
“The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks."
"We do not seek or welcome further cooling in
I have always said you can tell a lot about a person from what they choose to read (or in today's world if they still read). I didn't always enjoy reading, but my 11th grade American Literature teacher helped me find books that I enjoyed which fostered a love of
For far too long (in my opinion) the Federal Reserve has tried to manage the economy, inflation, and the stock market under the guise of 'financial stability'. This manipulation has caused what used to be the normal economic cycles to last longer, but have much higher and lower swings.
During
For most of my career there has been a nearly unshakable belief that the Fed was all knowing and could control the direction of the market. This is despite the fact they've always been too late to change direction or to fully understand the inner workings of the financial system.
