After many months of speculation, the Federal Reserve finally took away the punch bowl. This ended speculation of “when” and followed their action of reducing an accommodating stance. They began to reduce their bond buying a few months back, so the inevitable Fed Fund raise was just a matter of time. Most economists believed the Fed should have taken this action several months back. As we have discussed here over the past few months, inflation
This content is for Premium subscribers only. Please register or click here to login.