According to Wall Street analysts, investors were front running a non-event.
The Fed is in a credit “tightening cycle” but without the tightening.
Yesterday, it announced it was leaving short-term rates unchanged at 0.5%.
Since not tightening is what investors are counting on, stocks rise… at least a little… in anticipation.
But investors should watch out… We may be in a tightening cycle that goes way beyond the Fed’s control.
Since not tightening is what investors are counting on, stocks rise… at least a little… in anticipation.
But investors should watch out… We may be in a tightening cycle that goes way beyond the Fed’s control.
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