Even After Rate Hike, People Still Don’t Believe The Fed

Thursday, December 15, 2016
By Paul Martin

by Tho Bishop via The Mises Institute,
ZeroHedge.com
Dec 15, 2016

It finally happened. The Fed raised interest rates a quarter of a percentage point for the first time in 2016, after forecasting four rate hikes a year ago. Of course this still leaves interest rates down three quarters of a percentage point from last year’s projection, which may be why many aren’t buying the Fed’s forecast of three rate hikes in 2017.

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