Gone4Good
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 9, 2005
- Messages
- 5,381
This article strikes me as about right. With the Federal Govt. getting serious about cutting spending, the Federal Reserve will likely keep its 'exceptional accommodation' in place for a long time to help offset the fiscal drag. Anyone waiting (hoping) for higher rates, may still be waiting a long time.
Bernanke, Bond Market, Signals No Shift With Deficit Cutting
Bernanke, Bond Market, Signals No Shift With Deficit Cutting
The economy already looks set to suffer a fiscal hit to growth of about one percentage point next year as a temporary cut in payroll taxes and other stimulus measures expire, said Mark Zandi, chief economist in West Chester, Pennsylvania, at Moody’s Analytics. Any budget pact would be on top of that.