If they do cut rates this afternoon, I’m growing convinced that the Fed will be one-and-done, and there will be an extended pause before we see any new action.
The concept shared at Davos is similar to what we’ve been preaching: Local businesses need to embrace the new technologies to not only offer the services that their clients want, but also to use these technologies on the operations side, making their companies more efficient.
This is not going to go well, and the ripple will affect global economies, including the U.S. firms that are growing more skittish about our own economy.
