Interest rates: Is the Fed cutting rates too late to save the economy? Video outlook

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Is the US Federal Reserve lowering interest rates too late to save the US economy? There is much to suggest this: the interest rate curve, which in the past was always a reliable indicator of an impending recession, has now been de-inverted. Then there were the extremely weak labor market data yesterday (JOLTs), which were then confirmed by the statements in the Beige Book. The official US economic data probably presented the situation far too positively: this is evident from the massive downward revision of the US labor market data recently – but the JOLTs data may also have been distorted upwards by the birth/death model. The GDP data also raises questions. There is now much to suggest that the damage has already been done – the interest rate cut is also coming too late!

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