From the Editor's Desk

Economic Outlook: Who Wins the Fed vs. Financial Markets?

Economists and market commentators across the board expect the Federal Reserve to lower interest rates by 25 basis points on December 18, yet it’s difficult to decipher whether recent economic data justify the move. 

“With both sides of the Fed’s dual mandate (stable prices and full employment) heating up, it’s increasingly likely that the Fed has cut the federal funds rate by too much, too soon,” said Yardeni’s chief markets strategist Eric Wallerstein. 


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