Central Banks Are Now Making Emergency Rate Cuts (Is the Fed Next?)

The economy really has deteriorated quickly, enough that what seemed highly unlikely if not impossible early in July was very near to happened at the end of the month. I said a July Fed rate cut was in play on the 3rd and now according to the FOMC's minutes...it was. That, along with panicky central bankers seeking to quicken the pace of cutting, is definitely not a good sign. Eurodollar University's Money & Macro AnalysisEDU YT This Could Force the Fed to Cut Rates in Julyhttps://www.youtube.com/watch?v=B03jMrfetks Pascal Michaillat, Emmanuel Saez Has the Recession Started? August 2024https://pascalmichaillat.org/16.pdfFOMC July 2024 minuteshttps://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240731.pdfPolitico Sharp slowdown in wage growth boosts ECB rate cut hopeshttps://www.politico.eu/article/big-slowdown-in-wages-boosts-ecb-rate-cut-hopes/Bloomberg ECB’s Rehn Says Growth Risks Bolster Case for September Cuthttps://www.bloomberg.com/news/articles/2024-08-19/ecb-s-rehn-says-growth-risks-bolster-case-for-september-cuthttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU