Powell’s Last Stand | Danielle DiMartino Booth on May Fed Meeting 2024
Forward Guidance
Reading Economic Indicators for Recession Duration
The current recession is different from past ones as all four key indicators - employment, production, new orders, and the Chicago PMI - are under 40, a level indicating a deep recession. This suggests a prolonged and deep economic downturn ahead, especially since the Fed has not yet lowered interest rates. The condition of the economy implies a longer recovery period compared to previous recessions.
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