If market economists have the Fed right, in about 60 days from now Janet Yellen, chairwoman of the Federal Reserve, will announce the first Federal Reserve rate hike in about 9 years.
With the first rate hike pending, an obvious question is - Does the Fed have the timing right?
If you're looking at year-over-year growth in Retail Sales, Industrial Production, and Capacity Utilization, the answer is a clear no.
Here's a look.
Retail Sales vs Fed tightening cycles
The following graphic is a look at year-over-year growth in Retail Sales overlaid with the Federal Funds target interest rate.
Fascinatingly, all four of the...
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