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Dec
28
December Commentary: The Wait is Over!
It finally happened! On December 16th, for the first time in nearly a decade, the Federal Reserve raised interest in what represents a hesitant, but real, vote of confidence for the United States economy. The rise amounts to a small but significant move, with rates ticking up from zero to a range of 0.25 and 0.50 percent. This begins the process of closing the books on an era of easy money which helped our nation avoid further consequence of the Great Recession. Truthfully, the move surprised no one. Short of actually tattooing the words on her forehead, Federal Reserve Board Chairwoman Janet Yellen did everything she could to let us know the move was coming. I would say she really did all of us a favor. The lack of surprise likely had a...
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