BGFS Associates

2008 has started with the usual debate on the outlook for the world’s economies. Creating much comment is whether or not the US will slip into recession.
Recently the US Federal Reserve has indicated that it favours greater “insurance” against the prospect of an economic downturn. This has been taken in some camps as a signal that the Fed will cut interest rates by 50 basis points this month. The Fed has reduced the US benchmark rate by 1% since September. (continue reading…)