The Federal Reserve decided to leave rates unchanged…
I was pretty sure that the Fed. Would nudge rates today- I got this one wrong.
Fed. Chair Powell is blaming Covid for the economy slowing, and his comment there is a not so subtle message to the market that MORE easy money is coming…
GM
USD = Zimbabwe Bucks
Thanks for being honest and admitting you were wrong...takes a big person to admit your mistakes...BTW - I think you were very close in saying that they would only do a small token raise...they basically said no rate raise until March...and in March they "might" do a token rate raise. This move says everything in that they will not significantly raise rates...inflation here we come!!!!!