Fed Statement: Not Dovish, Not Hawkish—-Just Gibberish

Call it 529 words of gibberish and be done! All of the FOMC’s platitudes about the economy “expanding at a solid pace”, labor market conditions which have “improved further”, household spending which is “rising moderately” and business fixed investment which is “expanding” are not simply untruthful nonsense; they are a smokescreen for the Fed’s actual intention. Namely, to keep […]
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