Insights

FOMC Meeting: Expected Result, Cloudy Future

In the run-up to the just-concluded Federal Open Market Committee meeting I penciled three questions. Here they are with brief answers: What would the committee do? No surprises. A 25-basis point hike. A unanimous vote. What would Warsh say? Not much. How would the market react? Not positive. It’s not a very satisfying result and […]
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