Warning Signs Of A Top; Short-Term

Geoff Bysshe | August 30, 2020

The news of last week was the Fed’s announcement about their “updated monetary policy strategy.” The big change was to suggest that they would let inflation overshoot their 2% goal to prioritize getting unemployment as low as they consider realistic. This probably isn’t much more than stating what the market already assumed they are currently doing, but it does change expectations for how they’ll act when inflation shows up without low enough unemployment. The absurdity

This content is for Premium subscribers only. Please register or click here to login.