The elites think we are stupid. They are in the main quite correct.
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Fed won’t be happy with how the economy is performing, but is not perturbed enough for aggressive action
The Federal Reserve won’t be happy with what it sees when it looks at the economic outlook, but isn’t ready to pull the trigger on any major policy changes, at least not yet. “The Fed is not ready to make radical changes or aggressive changes here,” said Ethan Harris, the head of global economic research at Bank of America, in an interview. Fed officials will gather for two days of talks beginning Tuesday. Little is expected to be announced publicly beyond continued emphasis on a dovish policy stance, said Robert Perli, head of global policy at Cornerstone Macro. There is talk that the Fed is preparing to ... (full story)
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- Jul 29, 2020 5:26am Jul 29, 2020 5:26am
- UKBanter
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- fxsport
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...because you never know - until you do!
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- Jul 29, 2020 2:33pm Jul 29, 2020 2:33pm
- UKBanter
- | Joined Mar 2017 | Status: Member | 938 Comments
The elites think we are stupid. They are in the main quite correct.