Janet Yellen: Possible next Fed move is a cut if global growth continues to slow
“‘Of course it’s possible. If global growth really weakens and that spills over to the United States where financial conditions tighten more and we do see a weakening in the U.S. economy, it’s certainly possible that the next move is a cut,’ she said. ‘But both outcomes are possible.’”
USAGOLD note: Three months ago we were talking about three rate increases minimum in 2019. Now we are talking about a cut.