Dawn Before the Darkness: Economists keep threatening a recession, but the economy seems to be reluctant to cooperate. A resurging stock market, moderating inflation and a Fed pause on interest rates have many thinking that a downturn will be avoided.
Dr. Brian Wesbury thinks that the recent tighter monetary policy has a long memory that will manifest in a downturn later. He explores the question Is The Threat Dead?
Dr. Wesbury’s weekly “High Frequency Data Tracker” can be found here.
“Whistling Past the Graveyard”: In his latest “FedWatch” offering, Brian Beaulieu of ITR Economics discusses future rate hikes, the TIMING of future rate reductions and how to tell if you should be adding jobs. He believes the Fed is “whistling past the graveyard” on one of these topics. Find out which one.
