The Long Slow Fade Is Underway

It turns out the market is not so sure after all. Investors were cocksure heading into 2017 about the prospects for an economic revival in the coming year that would not only spark higher inflation but also induce the U.S. Federal Reserve to raise interest rates two if not three times before the calendar year was out. But after getting just one month of the new year under our belts, it turns out that wild optimism about the rapid pace of transformational economic change is slowly giving way to the reality that things will take much longer to play out than the market had been expecting. The 2017 edition of the long slow fade surrounding Fed rate hike expectations is now underway.

Please click on the link to read more on Seeking Alpha.

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