Sanderson1

Born to an economist, Conor Sanderson developed an early appreciation for data-driven insights and analytical thinkin

A Fed rate cut will not solve our economic problems

Last Friday, the Bureau of Labor Statistics reported that the unemployment rate had jumped to 4.3% in July. The pace at which unemployment is rising matches the speed often found in the early stages of a recession — an indicator known as the Sahm Rule. The triggering of the Sahm Rule sparked a panic in the stock market that only grew at the start of this week after other economies, especially in East Asia, experienced even sharper downturns.