The Fed follows up its 0.75% cut in the fed funds rate last week with another 0.50% cut, announced this afternoon. That’s a 1.25% rate cut in little over a week. Is the Fed racing to close the barn door after the recession got out? Sure feels like it. Oh, by the way it’s a presidential election year and the Fed is printing money. Go figure.
Now for some initial reactions from around the web:
WSJ: Economists react – Fed Racing to Tie
FT: Bernanke’s reflation gamble may work too well
Is Mexico the New China?
June 1, 2023
In the wake of the COVID-19 pandemic and escalating tensions with China, American companies are actively seeking alternatives to mitigate their supply chain risks and reduce dependence on Chinese manufacturing. Nearshoring, the process of relocating operations closer to home, has emerged as an explosive opportunity for American and Mexican companies to collaborate like never before.
