Fed Is a Manager, Not a Leader
Last week, the minutes of the Federal Open Market Committee meeting of three weeks earlier on Dec. 11 and 12 were released. Traders were caught unprepared for the hawkish inflation sentiment concerning the continuation of quantitative easing expressed by many members. They responded immediately by selling all asset classes and going to cash, with gold, bonds, and equities all falling simultaneously.
The dominant issues being discussed in the media now concerning the minutes is how fast yields and/or rates will rise, and whether or not it will it kill equities, gold and housing....519 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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