Acting impulsively without thinking about the consequences. Reflection without reaction is what the FEDs are doing.

As an Engineer for the first part of my life, we called this Analysis Paralyzes. It’s the inability to make a decision out of fear of making the wrong decision.

We can see the data and what the street is telling us. Even if the unemployment rate is historically low, employees have a fear of changing jobs or leaving without a new job. In this case the workforce becomes stagnant.

From my perspective it feels like the world is waiting for the FEDs to start lowering the FEDs Fund Rate before they commit to the future. We are sitting in limbo and that’s not a fun place to be.