The one word that seems to describe the economic picture for 2019 is “uncertain.”
The current economic recovery in the United States will hit its tenth anniversary this summer, but an uncertain atmosphere surrounds the world, both business-wise and politically.
So, where does the Federal Reserve find itself at this time, and where is the banking system?
My answer to this is that the Federal Reserve and the banking system seem to be in pretty good shape for an uncertain future.
Fourth-quarter bank earnings for the largest six banks in the United States were mixed.