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Archive of entries posted on 14th December 2016

Yellen lifted rates, as she had promised…but there’s more important stuff

Yellen raised interest rates ever so slightly, as she had long promised. No surprise. She did because the economy is strengthening, she said. The market tumbled a little – but much much less than it has recently risen. One super-eminent observer wrote, We are convinced that the Fed will do nothing to take the punchbowl […]