A Fed Rate Cut Would Be an Admission That the Economy Is Weak
If the Federal Reserve ends up cutting its target federal funds rate this week, it would be an admission that the economy is in a pretty precarious state. Many analysts are trying to spin a rate cut as an attempt to keep the economic “expansion” of the past ten years going, but that’s merely wishful thinking. A decade out from the financial crisis, we can’t really say that the economy has gotten back to normal. A small group of [...]