What if the Fed doesn’t cut?
It’s widely expected that the Fed will cut its target interest rate in September. Nonetheless, Fed chair Powell insists that the decision will be data dependent. Suppose the Fed decides not to cut interest rates in September—what will that imply about growth prospects for the fourth quarter of 2024? Should that lead us to revise down our forecasts, or should we increase the forecast for growth?
Читать дальше...