Less Hawkish Fed – Don’t Celebrate!

Less Hawkish Fed – Don’t Celebrate! They’re Still Tightening into a Recession

 They’re Still Tightening into a Recession Most of the economic news this week was downbeat. Even the normally buoyant U.S. consumer appears to be retrenching as July’s Retail Sales were flat (0.0% M/M). Both equity and bond prices ended the week somewhat lower with the DJIA barely moving, but the tech heavy Nasdaq and small […]