The Fed has painted itself into a corner, and is only trying to manage expectations
Breakfast with Benjamin: An economist says Janet Yellen and the Fed are too chicken to raise rates, but at the same time the FOMC is trying to reassure markets that rate hikes will be slow and deliberate.
- Citigroup economist William Lee calls the Fed too ‘chicken’ to raise rates, but at the same time the FOMC is trying to reassure the markets that when rates do rise, it will be slow and deliberate. The Fed is stuck trying to manage expectations
- Janet Yellen gives the gold market a jolt. The Fed’s long-term view sends investors rushing to gold.
- Americans reel in the risk when it comes to retirement savings. That’s OK as long as it doesn’t create a new risk of not building a big enough portfolio to fund retirement. Playing it too safe
- It’s summertime and the economy is getting hotter, but still a long way from sizzling. Business investment is still weak
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