IRL - The Fed Changes Its Game Plan
Weekly Market Review: The Fed signals a major change in approach at its January meeting
By Kristina Hooper, Chief Global Market Strategist on Feb 4, 2019, in Market & Economic
The biggest American football game of the year was played last night, and for the first three quarters, it looked as if both teams forgot how to score a touchdown. But great teams find a way to win, even when their tried-and-true game plan seems to be faltering.
The Federal Reserve (Fed) has been in a similar place, sticking to its playbook of rising rates