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What happens when the Fed really pivots and starts cutting rates? We know what's supposed to happen, though it never does. Before we get into the history of rate cut programs, we first have to understand why "monetary" policy targets interest rates in the first place. Once we do that it's easy to see why rate cuts are all hype.
Eurodollar University's Money & Macro Analysis
FOMC December 1974
https://www.federalreserve.gov/monetarypolicy/files/fomcmod19741217.pdf
FOMC July 1981
https://www.federalreserve.gov/monetarypolicy/files/FOMC19810707meeting.pdf
FOMC June 2000
https://www.federalreserve.gov/monetarypolicy/files/FOMC20000628meeting.pdf
Twitter: https://twitter.com/JeffSnider_EDU
https://www.eurodollar.university
RealClearMarkets Essays: https://bit.ly/38tL5a7
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.