There Was No Need for a Rate Cut

On Wednesday, Federal Reserve Chairman Jerome Powell announced that the Fed had decided to cut interest rates by .25 basis points. The market was expecting .50 basis points and immediately sold off. In fact, the S&P 500 had its first breakout move above or below 1% in thirty-eight trading sessions...

By | August, 5, 2019|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

Danielle DiMartino Booth

Not surprisingly, Brussels has a similar feel to that of Washington D.C. but much more relaxed given the bureaucrats have bureaucratic underlings. A tour of the Parliament building had the feeling of a vast city center filled with humanity, but strangely absent of energy. My hosts were the first to concede that not near enough gets done here, not enough meaningful decisions made, precisely because there are too many institutions, too many committees within those institutions and sub-committees within those committees...

Danielle DiMartino Booth

It is said that the Great Inflation gave way to the Great Moderation, so named due to the decrease in macroeconomic volatility the U.S. economy enjoyed from the 1980s through the onset of that third ‘Great,’ The Great Financial Crisis...