Best BS Opinion: Time to Adjust, Fed Shouldn’t Cut Rates

With inflation cooling and unemployment rising in the United States, investors are betting that the Federal Reserve will cut interest rates. But, as Michael R Strain argues, current economic conditions do not indicate that the Fed should cut rates in the next two months. Instead, the implication is more modest: rising unemployment and underlying inflation below 3 percent suggest that the Fed needs to start paying attention to both sides of its dual mandate. Read it here