US Economy Archives

Powell Analysis: Fed may cut rates in 2020, but the dollar moves to Trump’s tune

Last Updated On November 14, 2019 5:23 AM by Neal Bhai

The central bank is ready to respond to a slowdown – or “material reassessment.” That is the critical part from the prepared remarks that Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, has prepared for his testimony. The Fed is content with the current state of the US economy and with its policy – but is ready to cut interest rates once again. That may happen in 2020.

Fed Again Cuts Interest Rates as Economic Growth Slows, Powell Says Policy in Good Place

Last Updated On October 31, 2019 5:33 AM by Neal Bhai

Fed Again Cuts Interest Rates 0.25 percentage points, which was widely expected, brings the Fed’s target rate to a range of 1.5% to 1.75%. Less clear is where central bankers go from here amid signs the economy is slowing down.

Bank of America Merrill Lynch Fund Managers Expecting a Global Recession in the Next 12 Months

Last Updated On August 21, 2019 12:03 PM by Neal Bhai

In its latest survey of fund managers, Bank of America Merrill Lynch points out that the proportion of fund managers expecting a global recession in the next 12 months was at its highest since 2011. Last week, the US yield curve inverted, setting the stage for the yellow metal to shine even brighter.