Ready for the Rate Hike?
It looks like the long Fed experiment with near-zero interest rates will end next month. Is that good or bad news for your financial outlook?
It looks like the long Fed experiment with near-zero interest rates will end next month. Is that good or bad news for your financial outlook?
As we fight to extricate ourselves from the quicksand of our economy, the Fed once again fails to come to our aid.
There are certain immutable truths. Everything is cyclical; what goes down must come up. The Fed has its finger on the pulse of our economy... Oh, who are we kidding?
What's the prime mission of the Fed? If you guessed "to maintain a sane and prudent national financial policy" scarily enough, you'd be wrong.
If you thought the stock market had accepted and even "priced in" an inevitable rate hike, Thursday's meltdown was an ugly wake-up call.
Once again the Fed's interest rate saga ended with a whimper. But is it worth asking what they see on the horizon that's staying their hand?