Is the Fed making a mistake (again)?

Six months into 2019 the S&P 500 has returned 17%, the best first half performance in more than two decades. International markets and commodities also performed well.

The biggest change from 2018 so far is the Fed’s dovish shift. At their last meeting in June, the Fed signaled a readiness to ease policy on interest rates and the market is pricing rate cuts later this month and September. Low inflation readings and continued trade uncertainty are accommodating factors for the global central banks to provide support to the financial markets. Read more…