Conventional slowdowns are often stop-start and gradual. A better guide than 2008 or 2020 may be the more subdued environment of the 1990s and early 2000s. Another more recent precedent might be mid-2019, when the Fed smoothed over a growth hiccup by unwinding some previous interest-rate rises.
Original Image Link
Source:www.economist.com
Original Image Link
Source:www.economist.com
Posted: 2024-08-22 02:16:00