It might be that further reductions in interest rates and fiscal stimulus could put a temporary patch on the current economic situation. However, unlike in 2008, this time the Fed is starting with already very low interest rates, and therefore does not have much ammunition to fight the financial pressures of a global economy that is already in slowdown. In other words, with such low rates, they won’t be able to buy much time.
Andrés Gago Núñez: MSc. in Market Research, BSc. in Political Sciences, Certificate in Capital markets, specialized in Derivatives*. Worked as a columnist Express News, covering macroeconomic and socio-political analysis. He also has published comments in newspapers such as El Pais, Voz de Galicia; and specialised media like the magazine Inversión y finanzas, or the FX news website LeapRate.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.