21.6 C
New York
Sunday, May 26, 2024

The Fed is focusing on ‘flawed’ data and keeping rates high will result in a big policy mistake, economist says

The Fed is focusing on ‘flawed’ data and keeping rates high will result in a big policy mistake, economist says

The Federal Reserve’s fixation on a streak of “flawed” data to justify keeping interest rates higher for longer is bound to spark a policy mistake, according to top economist David Rosenberg. 

“The Fed seems to be focusing not just on flawed data, but on headlines only. I don’t sense any analysis of the data by the various FOMC officials as much as reporting of the data,” Rosenberg said in a note on Monday. 

More here >

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,162FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x