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TvKTkMRYXDB

Posted Wednesday, December 2nd, 2015 at 8:06 am by in .Edit this post More in

I can’t hear you very well essay on internet Fed officials are desperately making a concerted attempt to tell the markets that they’re wrong, but history tells us that when policymakers rail against the markets, the markets smell blood and often end up turning out to be right. The markets don’t care about “forward guidance”; they consider the Fed’s deeds to be more important than its words. As a result, so long as the Fed says that tapering is on the horizon, we’re never going to return to the interest rates we were seeing just a month or two ago.

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