About the Author

Rhea Thomas

Senior Economist

Rhea is a Senior 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

Pushing the (national debt) limit

Rhea Thomas |
Wilmington Wire
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March 1, 2019— On March 2, the specter of the country’s swollen debt levels (the accumulation of budget deficits and surpluses over history) will return to the forefront of market attention once again, as the federal government approaches the deadline for reinstatement of the debt ceiling (the limit on government borrowing set by Congress).

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Fed hikes rates, but signals slower and more uncertain path of hikes for the future

Meghan Shue and Rhea Thomas |
Wilmington Wire
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December 20, 2018 – The Federal Open Market Committee (FOMC) hiked the target Fed Funds rate as expected yesterday by 25 basis points from 2.25% to 2.50%.  The statement and press conference suggested that the outlook for the U.S. economy was one of decelerating but still solid growth, underscored by labor market tightness. However, it also highlighted, as we expected, that the Fed will likely have to slow its pace of hikes in 2019 and is more uncertain about the path of hikes going forward.

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The Fed’s Early Holiday Gift for Markets: Two Turtle Doves?

Rhea Thomas |
Wilmington Wire
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Fed Chair Powell’s speech at the Economic Club of New York on November 28 brings to mind “The Twelve Days of Christmas,” the age-old English Christmas carol that seems to be ubiquitous on the radio and in stores around this time of year. After Powell’s notably hawkish Oct 3 comments about rates being “a long way from neutral”—precipitating a sharp market selloff from which the market has not yet fully recovered—his latest comments took a more dovish tone.

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