The Fed Boiling Frog Strategy
With the US Federal Reserve set to meet Tuesday and Wednesday, and interest rates expected to rise as a result, what will the rate hike path look like in 2018? To Bank of America Merrill Lynch’s Global Economist Ethan Harris, understanding the Fed and their future actions requires taking a long view that goes beyond one rate hike. Going back to 2016 he notes an increasingly hawkish central bank not just by . . .
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