08 Oct Strong Economy, but soon to be in meltdown mode?
The Chair of the Federal Reserve, Jerome Powell, spoke today at the AGM of the National Association for Business Economics. Unfortunately, he did not have much good news to share. He advised that the Feds âview the economy as being strong but susceptible to shocks, particularly from a global slowdown, trade and geopolitics like a potentially messy Brexit.â The market did not like that attitude one bit and SPY (the ETF that generally shows market direction)...