Point of View
See all Point of View in our Library
Flash Report July 2019

A first rate cut that causes stock markets to fall, the yield curve to flatten, commodity prices to decline, and the US dollar to surge can hardly be deemed a success by the Federal Reserve. Instead of signaling commitment and resolve to engage in sustained stimulus that promotes global growth and stability, the Fed instead placed downward pressure on the global economy and tightened financial conditions by substantially strengthening the US dollar. With two FOMC members dissenting, investors should be wary.

WRITTEN BY | August 1, 2019

 

Download Flash Report Here