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RECESSION WARNING FROM THE LEI
June 7, 2023![Key Themes for H1 2023](https://anchor-capital.com/wp-content/uploads/2016/01/ac-blog-featured-images-V1-441x250-raising-rates-into-defaults.jpg)
Anchor Capital’s Macroeconomic Analysis – Mid-Year Update 2023
July 20, 2023The US Federal Reserve rate hike campaign is officially on hold- for now.
What happens next?
It finally happened. After fifteen months of Federal Reserve rate hikes, the fastest pace of credit tightening since the 1980's, the FOMC elected to take a pause on further rate increases. Investors have been anxiously awaiting the pause, assuming a break would usher in a new bull market in equities and fixed income. Does a pause lead to fresh new highs for markets?
Over the past twenty years, the Federal Reserve has paused a rate tightening cycle three times. What came next might be a surprise to many.