August 16, 2024 at 06:40PM
Small business defaults are up, now it’s getting a little cautionary
Unemployment is up and that’s a caution sign
IF we move to less restrictiveness, it will ease some of these credit conditions
Credit conditions seem tight
I don’t think it will surprise anyone when Goolsbee is banging the table for a rate cut and dovish statement in September but it’s certainly not clear that others are ready to line up behind him yet.
This article was written by Adam Button at www.forexlive.com.
Fed’s Goolsbee: There are some things that are flashing yellow