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The November FOMC meeting is over and they left the Fed Funds Target Rate – upper bound untouched at 1.25%.
The EFFECTIVE Fed Funds rate is only 1.07%.
The implied probability of a DECEMBER rate hike is now 87.5%.
Yes, if you use an electron microscope you may be able to detest the “normalization” of the balance sheet.
Let’s see if Obama-appointee, historian/lawyer/DC insider Jerome Powell will resort to inhaling oxygen in the economy … again.