RECESSION WARNING FROM THE LEIJune 7, 2023
Anchor Capital’s Macroeconomic Analysis – Mid-Year Update 2023July 20, 2023
The 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.