Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

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The Fed Is Raising Rates Into An Economic Slowdown

Another wrinkle to the inflation and interest rate question is the evidence of economic

slowdown. We know that stimulus programs have been gradually running out of money

for the last six months, delivering a corresponding slowdown in economic growth. While

not an imminent recession, it indicates a deceleration to the natural rate of 1-1.5% GDP

growth.


If we look at broad measures of economic activity in the Purchasing Manager's (PMI)

survey and Consumer Confidence, we see definite signs of weakness in both. The PMI's

are not indicating recession yet, but the Consumer Confidence numbers indicate a very

sour mood in the country.





Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.


© 2021 Lloyds Intrepid LLC

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