Editor's Note: This is a monthly publication on economic trends and financial policy issues. In this publication you can read "The Longbrake Letter", an analysis of economic trends and conditions written by Bill Longbrake, as well as commentary on financial regulation and policy written by members of the law firm Barnett, Sivon & Natter, P.C., a Washington, DC based law firm that specializes in financial services law. The lawyers in the firm are also counsel to the international law firm, Squire Patton Boggs.

ISSUE: #83, June 2017

The Longbrake Letter
- Bill Longbrake
In this month's Letter, Bill Longbrake discusses whether the FED's monetary policy intentions might turn out to be a major mistake that propels the U.S. economy into a premature recession. Based on employment, the U.S. economy is already operating at full capacity. But inflation remains well below the Fed's target of 2% and has declined over the past three months. The Fed expects to raise short-term interest rates from a range of 1.00-1.25% to 2.75-3.00% over the next two years. However, the market disagrees and only believes rates should be raised to a range of 1.50-1.75%. If the market is right, the FED may be on a policy course with disastrous consequences. There is good reason to be concerned in light of imbalances in the U.S. economy unleashed by the Fed's unprecedented and extended multi-year manipulation of interest rates to reflate the economy. Bill also discusses other risks (yellow flags) facing the U.S. economy and pending developments in health care legislation and fiscal policy, as well as providing updates on a variety of other economic developments.

The Latest on Fintech: Federal and Beyond
- Matthew Cutts, Jim Sivon, Katie Wechsler, Brandon Roman, and Patrick Kirby
This Squire Patton Boggs Client Alert analyzes and provides updates on recent key fintech developments at the regulatory level, on Capitol Hill, and in the courts including a brief update on the international regulation of the fintech industry.