Quote:
Originally Posted by fintstone
It was a different Fed in 2014.
If I recall, Tabs expected a market crash in late Dec...while a nice rally came instead. There is no reason to expect other than a bull market. Great employment, low interest, low inflation, great consumer sentiment, etc. Seems to me that the data indicated that the Fed got ahead of themselves with the interest rates. Lower rates were the correct path.
What makes you think they are artificially low (other than you guessed wrong and are not "in the money")?
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A couple of the 9 voting members that unanimously voted back then, temp terms expired, allowing two of the historically dovish (easy credit) to move in, T appointed some mebbe...who knows, but on Dec. 4....shtf and the FED did a 180....so I dunno...but tariffs suck, always have, and that's why. I am doing just fine on sidelines...doesn't matter.
I think they are at least .25 - .75 below the desired "mid-range"...historical rates...neither dovish nor hawkish here...
Freebird
