About the Author

Rhea Thomas

Economist

Rhea is an Economist at Wilmington Trust, responsible for monitoring and analyzing economic developments in domestic and international economies.

Prior to joining Wilmington Trust, Rhea served as Vice President in Foreign Exchange Sales at Lehman Brothers, where she provided primary sales coverage to institutional clients. Earlier in her career, she focused on foreign exchange research, where she helped to build models and write publications to explain currency market movements and trade ideas.

Rhea holds a bachelor’s degree in Economics and International Studies with Distinction from Yale University.


By the Author

Three and Done: Is the Fed’s “Mid-Cycle Adjustment” Complete?

Rhea Thomas |
Wilmington Wire
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October 31, 2019— The Federal Open Market Committee (FOMC) cut the fed funds rate by 25 basis points, or bps, (0.25%) at its October meeting as expected, to a target range of 1.50%–1.75%. Similar to cycles in 1995 and 1998, when Federal Reserve rate reductions were seen as “insurance cuts” to ward off potential downturn, it has now cut rates three times, by a total of 75bps, leaving markets to wonder whether this “mid-cycle adjustment” has come to an end (Figure 1).

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A Strong U.S. Labor Market may be Starting to Lose Some of its Shine

Rhea Thomas |
Wilmington Wire
Woman kneeling reviewing paperwork.

September 25, 2019—Despite nearly a year and a half of simmering (and at times boiling) trade tensions, the U.S. economy has continued to grow, albeit at a slower pace compared to 2018. Much of the economy’s resilience has stemmed from the strength of consumer spending, which accounts for nearly 70% of GDP growth. Though businesses have pared back investment in the face of ongoing uncertainty around trade policy, consumers have so far remained largely unfazed by the trade war.

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