The Fed goes bold. On Wednesday, the U.S. Federal Reserve emerged from their latest FOMC meeting on monetary policy. The fact that they decided to raise interest rates for the fifth time in its last six press conference meetings was already accepted as given. Instead, Jay Powell continued to make a splash in his relatively new role as Fed Chair by striking a bold tone about the course of monetary policy going forward. It’s full steam ahead for the Fed, which has important implications for portfolio strategy for the summer and the year ahead.
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