TNA - The Week In Review: Could No More Federal Funds Increases Be In The Cards?
The market-moving event this week was delivered by the Federal Reserve/FOMC meeting statement which most are interpreting as an end to further rate increases. The good news this week was the end of the government shutdown - and three missed data sets were issued.
Many elements in the economy are declining, and others are improving - but overall, the short-term trend beginning in September 2018 has been downward.
I call the Chicago Fed National Activity Index ((CFNAI)) the super coincident indicator. This indicator aggregates 85 indicators - the problem with the last release of the