Trouble in Yellen-Land

Bond markets and the Fed aren't making sense. The Fed ("Yellen") rose the Federal Funds Rate (FFR) last Wednesday, June 12th to a range of 1.00% to 1.25%. The Fed has two mandates: (1) to keep prices stable (i.e. keep inflation around 2%) and (2) to minimize unemployment. In other words, stabilize the economy by cooling … Continue reading Trouble in Yellen-Land

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