I think it’s good the Fed would be willing to cut rates,
but I would worry if this was due to a serious issue with
a recession, which I don’t see for 2019.
This morning February housing starts came in at annualize
rate of 1.16 million, far short of consensus of 1.21
million and down from 1.23 million in January. This
reflects the true area of fragility in the US economy
that might change with lower rates.
Sector Watch3/25/2019 By Charles Payne, CEO & Principal Analyst
Without a doubt, the key sector to watch in March and April are the banks, which have once again disappointed the masters-of-the-universe crowd that said they were the place to be. Instead, banks Read more
Major Critical Development: Powell, Fed, Wages3/25/2019 By Charles Payne, CEO & Principal Analyst
A major critical development came from the Fed’s last Federal Open Market Committee (FOMC) gathering. Not only did the ‘Powell Fed’ cement its dovish stance as its default position, but the Federal Re Read more
Prisoners Dilemma3/21/2019 By Charles Payne, CEO & Principal Analyst
The Federal Reserve made significant changes to its economic outlook and policy path that left investors scratching their heads after a knee-jerk rally faded quickly. Adjustments to economic growth and inflation weren’t dramatic, but it underscores this new accommodative phase that could last a long Read more