Article
Opposite What You're Told, Markets Don't Wait For The Fed
Opposite What You're Told, Markets Don't Wait For The Fed
Authored by Shahid Islam via RealClearMarkets,
Financial commentary often makes monetary policy sound mechanical. The Federal Reserve raises interest rates, borrowing costs rise. The Fed cuts rates, borrowing costs fall.
History is considerably messier.
Beginning in June 2004, the Federal Reserve raised its federal-funds target 17 consecutive times, taking it from 1 percent to 5.25 percent.
What happened to the 10-year Treasury yield?
It averaged 4.73 percent in June 2004. By February 2007, after the Fed had raised its target by 4.25 percentage points, the...
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Why Americans Soured On Higher Education
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Authored by Viktor Joecks via The Epoch Times,
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