Every single FOMC member sees zero downside risk to U.S. growth right now.
That's unanimous bullishness we haven't seen in at least 15 years.
When the Fed is this confident, it usually means one of two things:
1. They're right and the economy stays strong
2. They're about to be surprised
History says extreme consensus at the Fed often comes right before something breaks. Not saying it will this time, but worth watching.
The last time everyone agreed? Look at what happened 6-12 months later.
That's unanimous bullishness we haven't seen in at least 15 years.
When the Fed is this confident, it usually means one of two things:
1. They're right and the economy stays strong
2. They're about to be surprised
History says extreme consensus at the Fed often comes right before something breaks. Not saying it will this time, but worth watching.
The last time everyone agreed? Look at what happened 6-12 months later.
