The Market Is Usually Wrong About The Fed. But What About The Economy?

Following the October Fed meeting, analysts released a discordant array of FOMC postmortems which, taken together, suggested almost no consensus whatsoever with regard to the likely path of US monetary policy in 2020. Goldman was pretty sure the Fed is done. Credit Suisse generally agreed. Barclays said that while October marked the “end of insurance”, another cut in December was still the most likely scenario (the bank would later change that call). BofA said another cut was likely, but no