Friday, 26 January 2018
In an environment of persistently low inflation and real equilibrium interest rates, the Fed will not be able to raise rates much further, limiting the space to cut interest rates during the next downturn. On average, the Fed has cut interest rates by 500 basis points during recessions.
While the net effect of the recent tax changes on house prices is expected to be limited, doubling the standard deduction will increase the incentives to rent. Is there cause for concern?
Connected consumers means more control over how they shop, where they shop and when they shop. But what does that mean for businesses? Disruption, says a BBVA economist.