Download our US Watch "Fed unleashes capital - theirs and the banks'"
by Steven Blitz, Chief US Economist
Fed made their last rate cut with down cycle just beginning, their plan of action can now centre on making sure dollars flow where needed:
- Moving their capital to the markets, bank capital into loans
- Their action and the timing imply concern a “V” is not realistic
- Our GDP forecast (QoQ SAAR) Q1: 1.2%; Q2: -8.0%; Q3: -1.0%; Q4: 3.0%