The Alarming Truth About the Fed’s Rate Hike

Jon Banking, Economy, Fiscal Policies, Government, Market Commentary, Politics

After holding off on an interest rate hike pre-election to help Clinton, Yellen finally pulled the trigger on Wednesday…
For the first time in a year, the Federal Reserve raised the federal funds rate a quarter of a percentage point to 0.50%.
The stock market game didn’t like the news. The Dow Jones closed down 118 points for the day.
And predictably, market ‘experts’ drew all the wrong conclusions from the Fed’s move.

This post was published at Wall Street Examiner on December 16, 2016.