The Federal Reserve raised interest rates this week for the first time in a year. Unlike previous expectations of the Fed pulling back their “stimulus”, the market has not only shrugged its shoulders, but rallied in the face of these rate hikes. This is a welcome development as
This week Business Insider had a chart illustrating just how bad the Fed has been at predicting where interest rates will be (you know the very thing the Fed controls). Keep in mind, their interest rate forecasts are based on their predictions for the economy, so
It’s another week where the highlight will be the “much anticipated” Fed meeting. I’m not sure how we got here or what will happen to get away from this focus on the Fed, but it’s not normal for a central bank to
For those of you just returning from a nice, long vacation, you didn’t miss much this summer. Thanks to the Fed’s “transparent” communication policy, absolutely nobody (including most members of the Fed it seems) has any clue what the Federal Reserve is going
Much debate has been circulating lately about what defines “full employment” or what “normal” growth looks like. The August Payrolls Report was right in line with what economists used to consider “normal” for “normal” economic growth. Looking at my Leading
