Much More Than Rate Cuts On (Dis)Inflation

By |2019-07-11T17:02:23-04:00July 11th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Things have changed, obviously. Chairman Powell and the rest of the FOMC, the majority anyway, have come around to rate cuts. Where they were hawkish in December, noncommittal as late as May, they’ve been spooked into them over the last month or so. As it stands, the first one is less than three weeks away. [...]