The Fed is trying to engineer a soft landing, defeating inflation without driving the economy into recession. But it is facing just a few problems. What is the chance that the Fed will succeed?
Last week, the US reported that growth reached 6.5 percent in the June quarter (seasonally adjusted, annual rate), following the 6.3 percent rate recorded in the previous quarter. These are exceptionally strong numbers. Sure, they follow a recession. But the economy doesn’t always roar back after a setback, the way it is doing now. WhenContinue reading “The Strange US GDP Report”