Newsletters
Keep on Truckin'
July 2019
Behind the Curve
June 2019
Keep on Truckin'
The current U.S. economic expansion has now passed the ten-year mark, and has set the record for the longest expansion on record. During that period, we have had three quarters of negative GDP growth, but in every case the economy bounced back the following quarter. The discussion has now moved to how to keep this expansion going. We can review the headwinds and tailwinds that currently coexist in the economy, but ultimately, we have to focus on the elephant in the room that underlies the Federal Reserve’s concern - the inverted yield curve.
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This phrase is used to describe a Federal Reserve and Federal Open Market Committee that is out of sync with the markets. They are always using many measures of rates, economic activity, employment, and inflation in an attempt to set an interest rate that neither encourages irresponsible risk-taking nor hinders growth.
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