Can the Fed Save the Day?
The optimism about the U.S. economy prevalent less than two months ago has given way to a sense of foreboding.
Almost on cue, the debate is returning to the potential for more quantitative easing by major central banks as a way of shoring things up. But is this realistic?
ECRI’s latest analysis, based on our array of cyclical indexes of growth and inflation, shows just how effective such actions are likely to be in supporting near-term growth prospects.