Wean Yourself From the Fed, Mr. Market
Team Yellen isn't going to keep rates low forever. Remind yourself at bedtime.
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The Federal Reserve wrapped up its latest Federal Open Market Committee meeting today and announced that it’s throwing a lifeline to investors -- yet again -- by holding the federal funds rate steady (at least for now).
That will leave Fed-obsessed investors staring anxiously into their computer screens for any future updates, an unhappy situation because the only predictable thing about the Fed lately is that it's unpredictable.