PVG Market In A Minute – November 24, 2015
- PVG Admin
- November 24, 2015
The Federal Reserve minutes that was released on Wednesday of last week, sparked a rally in the market. We think the Fed is very likely to raise rates in December. In a less obvious way, the Fed has implied their target would be around 2% on the Fed Funds rate rather than the prior target of 3.75%. The new target is basically the rate of inflation. That is very positive as it is about half of the prior target.
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Market in a Minute 2015-11-24