Day

March 12, 2020

When the FOMC has to keep cutting interest rates, it is not a positive sign.

The FOMC announced a 50bps reduction to the Fed Funds target rate.  The FOMC has lowered the Fed Funds Rate by 125bps since July of 2018.  In an October post, we noted that when the FOMC has lowered the Fed Funds rate more than three times and by more than 75bps, the U.S. economy has...
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