Fed Boxed Into a Corner
World Economy

Fed Boxed Into a Corner

The Federal Reserve’s claims that the US is not entering a recession are not reassuring, according to one widely followed market watcher who insists a downturn is already underway. Investor Raoul Pal told CNBC’s “Fast Money” last week, that the state of the market and the uneven economy has the Federal Reserve “paralyzed”—and no matter how it acts will result in catastrophe. “If they raise rates, the dollar goes higher and it creates a problem for them. If they don’t do anything then it’s a sign that the economy is weak and that will lead asset prices to sell off,” said Pal, publisher of The Global Macro Investor. “They are really boxed into a corner.”

Short URL : https://goo.gl/y2rWuT
  1. https://goo.gl/6twGCr
  • https://goo.gl/9vyQoW
  • https://goo.gl/CozlbN
  • https://goo.gl/uEWpkW
  • https://goo.gl/7MyJWy

You can also read ...

Italy CB Urges Caution on Possible Deficit Hike
The governor of the Bank of Italy urged caution on the nation’...
Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Fitch Upgrades India’s Growth Forecast to 7.8%
US multinational Fitch Ratings on Friday raised India’s GDP...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...