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The Fed Just Revealed What They Really Think of the Economy
A lot of people are asking if the Fed now regrets cutting rates by 50 bps in September, or maybe cutting at all. Recent data make it seem as though the soft landing never went anywhere, plus what appears to be happening with market interest rates. In truth, every part of this Fed "regret" trend is wrong, starting with the view from the central bank itself.
Eurodollar University's Money & Macro Analysis
Federal Reserve Beige Books
https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm
FOMC Chair Powell Press Conference September 2024…
The skinny
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