Chris Rupkey
Chris Rupkey
added boost changed cut december expecting federal funds limit low rate saying stock thinking today
We're back to expecting a rate cut on December 11. Meyer changed people's thinking by essentially saying there's no limit as to how low (the federal funds rate) could go and today we're getting an added boost from the (weak) stock trade.
counsel cut dragon early fight inflation markets november rates rejected tried urged
Unfortunately, I think they tried to fight the inflation dragon a little too long, and rejected the counsel of the markets which urged them to cut rates as early as November that year.
easily economy economy-and-economics likely momentum surprise
There is considerable momentum here that will not be easily slowed. This economy is strong, and it is likely to surprise on the upside.