Tuesday, December 31, 2019

Volcker Dies as Inflation Comes Back to Life


Today the Federal Reserve had its last official meeting of the year. And, as was widely expected, the Federal Reserve was unanimous in their decision not to cut interest rates. 

They didn't even consider hiking interest rates, but they decided not to cut them any further for now. So, they're on a pause. The short-term rates are now 1.5%. 

The target is 1.5% to 1.75%, and the idea is that the Fed is going to remain there for some time. Now, I don't really think it is going to be that long before they cut rates.

at