WEB Notes: Well blow me down! A recession when unemployment rates are at their “lowest”? When sales are booming and so forth and so on… I think we all know this is coming despite what the mainstream media tells us about the economy. The fact is nothing has changed since the collapse of 2007. Wait… Yes it did, the world created even more debt.
The chairman of the Federal Reserve, just four months into his term, could be in the uncomfortable situation this week of signaling that a recession is coming.
The Fed seems all but certain to raise its target range on overnight rates by a quarter point for the second time this year on Wednesday. There is a good chance it ups its estimate for total rate increases for 2018 from three to four.