DTUS - The Fed Has Given Up: Get Ready For More QE

By Ryan McMaken

The Federal Reserve's Federal Open Market Committee on Wednesday voted unanimously to keep the Federal Funds rate unchanged. Overall, the FOMC signaled it has made a dovish turn away from the promised normalization of monetary policy, which the Fed has promised will be implemented "some day" for a decade. Although the Fed began to slowly raise rates in late 2016 - after nearly a decade of near-zero rates - the target rate never returned to even three percent, and thus remains well below what would have been a more normal rate of

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