monetary policy

Great Expectations

March 29, 2017

The market response to last week’s Federal Reserve meeting and press conference was somewhat perplexing.  The interest-rate hike itself wasn’t a surprise – [...]

Confusion Reigns

August 5, 2015

Economic data and financial-asset prices don’t always paint the same picture about the health of the economy. In fact, there can be extended periods in which the [...]