Mark Zandi, chief economist Moody’s Analytics, is one of most closely watched voices on US economy. His latest warnings suggest risks are mounting.
Powell and his central bank colleagues face a dilemma: hold interest rates steady in September on account of rising inflation, or lower rates.
One question facing advisors and clients today is how far the Fed can go in cutting interest rates without triggering reaction from bond market.
Something doesn’t make sense about the current stock market boom. U.S. big caps keep soaring while the economic outlook keeps getting worse.