The Business Cycle & The Markets
The increase in financial liquidity after the pandemic has weakened the traditional correlation between economic indicators and the business cycle.
Another Fed Cut, But There Is Growing Dissent
Looking at the forecasts, there is clearly a hawkish tilt. While two members voted for no change today, six members felt the "appropriate" rate should be 3.875% – not the 3.625% central range we are now at.
