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We previously wrote a short post asking "Does the Fed have the guts to do it?".
Well, today the Fed did raise rates, after keeping their target at essentially zero for seven years.
Economist Brian Wesbury, whose interpretation of economic events has been cited many times on the pages of this blog through the...
Friday, December 11, 2015
Hissy Fit, Part 2; Does The Fed Have The Guts To Do It?
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We wrote about the concept of the market throwing a "hissy fit" back in the summer over the prospects of the U.S. Federal Reserve Open Market Committee's (FOMC) decision to raise the target for the Fed Funds Rate.
At the time it was expected that the Fed would hike...
