Markets are betting that good things come in threes—especially rate cuts
- October 29, 2019
- Gary Richardson, economics, Fortune, Oct. 29, 2019
"In the mid-1990s, you did see a small number of steps one way and then a step back,"
says Gary Richardson, a professor of economics at the University of California at
Irvine. But since about 1994, "usually you'll see a series of changes in the same
direction. … "There's a lot of speculation that the Fed's resolve to not worry about
equity markets or what the executive branch has said has weakened," Prof. Richardson
says. "I would guess that in ten years when we know the full story, it's likely to
For the full story, please visit https://fortune.com/2019/10/29/fed-rates-cut-markets/.