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.

sanderson1

Conor Sanderson developed an early appreciation for data-driven insights and analytical thinking.