Why did the Fed raise rates? For the opposite of the reason they gave…

Summary: The Fed Governors told us they planned to raise rates, and months ago told us when they would do so. But their explanation of why they raised rates makes little sense. We can see their thinking by looking at the economic projections released at the Open Market Committee meetings. They raised rates not because […]

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This article by Editor of the Fabius Maximus website originally appeared on fabiusmaximus.com on December 18, 2015 at 01:00AM