Another setback for economic forecasters as this index falls below 50, indicating contraction:Seems to me the Fed has gotten lost in its own confused rhetoric, but that’s another story. Point here is fed funds are a quarter point higher which will will make no discernible difference to macroeconomic outcomes, including the Fed’s employment and inflation mandates. FED RAISES RATES BY 25 BASIS POINTS, FIRST SINCE 2006
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Another setback for economic forecasters as this index falls below 50, indicating contraction:
Seems to me the Fed has gotten lost in its own confused rhetoric, but that’s another story.
Point here is fed funds are a quarter point higher which will will make no discernible difference to macroeconomic outcomes, including the Fed’s employment and inflation mandates.
FED RAISES RATES BY 25 BASIS POINTS, FIRST SINCE 2006