(Posted June 15, 2017) At yesterday’s F.O.M.C. get-together, we got something decidedly different from just the latest (and possibly last) “dovish rate hike” most of us were expecting.
Indeed, Fed Chairwoman Janet Yellen seemed to be channeling that old Batman villain “Two Face” in so starkly presenting in greater measure than we’ve seen during her tenure the hawkish side of her persona.
In the below commentary, I discuss this, the market implications, etc. . .AND tell you about our upcoming Summer Webinar Series.