Reality vs. The “Recovery” Narrative
The Fed insists the economy is gaining steam. Last week's GDP numbers, and the Fed's inaction on interest rates suggest otherwise.
The Fed insists the economy is gaining steam. Last week's GDP numbers, and the Fed's inaction on interest rates suggest otherwise.
At February's meeting, the Fed elected to keep kicking the can down the road.
Now that the Fed has slightly upped its Fed Funds rate target twice, there is talk of a much more ominous issue: shrinking the balance sheet.
While the odds of a rate hike at this meeting are low, the first meeting under the new administration may give hints to major 2017 themes.
The economy cannot have a recovery if the Fed fails to stop purchasing mortgage securities and long-term treasuries.