When you’re investing, you sometimes just have to take a step back and look at the big picture. And with the Federal Reserve (Fed) finally cutting its key interest rates and shifting the world’s focus away from its battle with inflation and toward its next potential battle, this is an excellent time to do just that. So, let’s take a look at the US and some other major economies all around the world.
So what does the big picture look like now?
First, let’s zoom in on the US.
The US and the broader global economy are clearly slowing. Consumers’ pandemic-era savings stockpiles are almost depleted, lending-sensitive sectors such as manufacturing and housing are struggling, and the effects of those old stimulus measures have all but faded.
America’s job market has begun to falter and the rise in the unemployment rate has triggered the so-called Sahm rule, a trusted indicator of…
