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FOMC Minutes + Retail Sales + Industrial Prod. = 50BP in March
21 Feb 2022 - Steven BlitzMarkets are 60/40 favouring a 25bp rate hike in March vs 50bp. I was similarly positioned until January retail sales, industrial production, and the FOMC minutes were released. January retail sales more than reversed.
#Federal Reserve #Employment #Recovery
US recession is over - Backwards won't be the way forward
26 Mar 2021 - Steven BlitzThe “non-Covid” recession ended late summer, timed, in part, by the November peak for the number of unemployed not on temporary layoff. What we call the non-Covid recession is simply the downturn that created job losses.
#Federal Reserve #Recession #US Economy #Fiscal Policy #Employment #Recovery
