How might the Fed pivot?
What lessons can we learn from the last hiking cycle from 2016 to 2019? Where do we stand regarding inflation expectations, domestic investment, unemployment, yield curve and economic growth?
Here is the chart that everyone looks at with eagle eyes today, the Fed Funds Rate (FFR), the rate at which commercial banks are targeted to borrow and lend their excess reserves to each other over night.
Sure, the FFR is…
