Thursday, August 22, 2013
"What The Fed Really Said" - Hilsenrath's FOMC Cliff Notes (In Under 4 Minutes)
FED OFFICIALS THOUGHT THE MARKET HAD IT ABOUT RIGHT IN LATE JULY
In English...markets moved higher, i.e., tapering is NOT the same as raising the Fed Funds Rates...interest rates will remain low for an extended period of time.
8/22/2013 09:53:00 AM