Is The Fed Asleep At The Wheel, Again? By Dheval Joshi, chief strategist at BCA Research Suddenly, the fear is not that the Fed is behind the curve to stabilize a downturn. The fear is that the Fed is behind the curve to stabilize prices. Last Friday’s strong US jobs report has allayed any fears of an imminent recession, but it has increased fears that an aggressive easing cycle from the Fed will rekindle inflation. Very unusually, both the Joshi rule and Sahm rule recession indicators have backed off their event horizons (Chart 1). This is very unusual, because once… — Continue at ZeroHedge News : Read More
