Economic & Market Outlook
“Monetary actions affect economic conditions only after a lag that is both long and variable” — Milton Friedman
The Fed’s Impact Lag
Economist Milton Friedman once noted that there is a delay between the time monetary policy is enacted and the time that policy has its impact on the economy. We are starting to see signs that monetary policy is having an impact as the economy cools and inflation retreats from a near 40-year high.
Please find the latest edition of the PeoplesBank Wealth Management Economic & Market Outlook below for your reference.