The Global Economy has seen much turbulence in the past 4 years. Irrational decisions made in 2020, made it difficult for a speedy recovery, for economies around the world, especially the underlying strength in emerging economies before the Pandemic.

The Federal Reserve, as well as the European Central Bank, set the precedent early on for lowering interest rates to lower inflation. The consequence of this was relatively low unemployment rates early until Q3 2023, specifically in the US. In the Fed’s mind, the optimal point of ‘full employment’ in the US economy, is when the unemployment rate hits 4 percent. For this very reason, the Fed had begun increasing interest rates and making the cost of borrowing higher for consumers.

This was part of their Quantitative Tightening measures, but again was unsuccessful for the better part of two years, given the overall resilience in the American economy. One can argue about the political implications of certain parties in power-but solid legislation, including the Inflation Reduction Act, and the continuation of the Jobs act, is what kept high monthly jobs numbers, and repelled fears of a monetary policy induced recession.

In May, as spending in the economy continued to cool, unemployment approached its 4 percent target, and........

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