- Source: The Federal Reserve of New York
- Source: S&P Global Market Intelligence
- Source: The Wall Street Journal
- Source: The Wall Street Journal
Americans are borrowing again, in some cases at levels not seen in more than a decade.
- Source: The Wall Street Journal
Defaults may be heading lower but the market has become much riskier.
- Source: The Economist
June 16, 2021
By Desmond Lachman
The best that can be said of today’s Federal Reserve meeting is that the Fed is no longer in total inflation denial. However, it certainly cannot be said that the Fed has taken policy action to address its present twin challenge of rising inflation and emerging asset price bubbles. This raises the chances that we will have a hard economic landing next year.
- Source: The American Enterprise Institute