Fed: Rates to Stay Low through 2022, But Watch Fed Futures

The Federal Reserve made a bold prediction last Wednesday at the end of the regularly scheduled Federal Open Market Committee meeting. It said rates are going to stay low for years, through 2022.

Come on, you say. Everyone knows that. That’s not bold. Maybe and then again maybe they won’t stay low for years. I think it’s bold because the future is ofttimes hardly knowable 2 days out, let alone two years. The smart investor is skeptical of specific and definitive predictions about the l...

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