The Federal Reserve seems to have finally publicly committed to its rate-cutting cycle—specifically the federal funds rate or policy rate. The Fed wanted to remain perceived as coming to the economy's rescue, rather than goosing the stock market higher. But the Federal Reserve is playing a confidence game with the general public, and the Fed can't save you. What insights can we learn from Austrian Business Cycle Theory?
"10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity" (Federal Reserve Bank of St. Louis): Mises.org/Minor_85
Order a free paperback copy of Per Bylund’s How to Think About the Economy at Mises.org/IssuesFree.
Follow Minor Issues at Mises.org/MinorIssues.