Interest rates may receive a reprieve from the Fed at its June meeting, according to a MarketWatch story running today. The committee now has to be concerned that economic growth could slow too much if the central bank pushes interest rates higher.
“The Fed should stop before it does more damage,” said Ian Shepherdson, chief U.S. economist for High Frequency Economics. “This looks increasingly like spring 2000 all over again,” when the Fed stopped tightening in May as payroll growth weakened. The economy fell into a recession less than a year later anyway.
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