(Bloomberg Opinion) — When the Federal Reserve first lowered interest rates in July and then a few weeks ago, it was hard not to think that perhaps the central bank was bowing to pressure from the White House. Although there were signs that the economy was slowing, there were few true red flags that suggested the wheels were falling off the cart. That all changed Tuesday with the release of the Institute for Supply Management’s manufacturing index, which fell to its lowest in 10 years, moving deeper into the zone that signals output is contracting. But that’s not all the …read more
Source:: Yahoo Finance
