Today the FOMC obtained an unusual objective: It completely walked back a policy narrative implemented in December without meaningfully changing its domestic economic outlook, all while signaling no…| The Real Economy Blog
A sagging global economy dragged down by a trade war and a domestic manufacturing sector on the edge of contraction are sufficient risks to warrant a 25-basis-point-reduction in the federal funds rate…| The Real Economy Blog
The dovish turn at the Federal Open Market Committee’s January meeting was predicated on an interesting juxtaposition: the committee telegraphed a prudent pause in its policy normalization campaign…| The Real Economy Blog
