By Kevin Flanagan
Sometimes, the best-laid plans by the Federal Reserve (Fed) don't work out as foreseen. Unfortunately for Chairman Jerome Powell, the end of 2018 and the beginning of this year probably didn't turn out as he envisioned. Remember the financial markets' reaction to the December rate hike and accompanying Fed forecasts for additional rate increases this year? Well, this legacy has continued into the summer months and brings to mind a line from the movie Die Hard, albeit with a "Fed-twist" to it.
Fed Funds Futures January 2020 Contract
What, you may