Clarida: As Fed Moves Closer to Neutral Rate, Important to Become More Data-Dependent

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16 November 2018

Clarida: As Fed Moves Closer to Neutral Rate, Important to Become More Data-Dependent

Fed Has Managed to Raise Rates Without Triggering Recession
'Being At Neutral Would Make Sense'
Currently Policy Rate Is Below Neutral But 'Getting Closer'
Some Evidence of Global Slowing, Will Be Relevant to My Outlook
We Have Seen The Bottom In Productivity Rates

EU Commission to take first step in disciplining Italy over its 2019 budget on Nov 21 @zerohedge

Fed's Clarida: Fed-Funds Rate Barely Above Inflation Rate for First Time in Decade

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