MacroVoices #376 Tian Yang: When the Recession Becomes Obvious
Macro Voices
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The Fed's Lessons From the Recession
Historically, at least in recent history, usually when the Fed cuts, the market is interpreted as a positive signal for equities. What actually happened back then was the Fed cut once the hard data, the labor market data deteriorated. And that's what really freaked the market out. So you would have to imagine today they probably learned their lesson from these historical episodes where they really need to be sure before they cut.
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