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Architecture Billings Index, Fed comments

Summary:
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:
Architecture Billings Index, Fed comments
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

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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