I believe there is a “secret” behind the Fed being slow to hike short-term interest rates. I will get to that in a minute. Today’s Meeting Let’s start with non-controversial items first. The Federal Reserve Open Market Committee concludes their two day meeting with an announcement at 2 pm that interest rates will not change today. That’s what the markets are expecting. There has been all kinds of hot air coming from several Fed officials that rates need to rise […]
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