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This Only Happens When We Are Currently in a Recession
Description
Eurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.
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Consumer credit has historically been a solid recession signal, particularly how consumers alter their usage of credit cards. Some of that by choice, for many it is the bank's. Either way, when this happens it is more compelling evidence backing the rise in the unemployment rate.
Eurodollar University's Money & Macro Analysis
September 2008 FOMC Transcript
https://www.federalreserve.gov/monetarypolicy/files/FOMC20080916meeting.pdf
March 2001 FOMC Transcript
https://www.federalreserve.gov/monetarypolicy/files/FOMC20010320meeting.pdf
https://www.eurodollar.university
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