Over the weekend we have had a few comments from a couple of Fed members, with San Francisco Fed head John Williams saying that the decision to raise or not was a close one, with the U.S. job market at full employment. However, worries about global growth and the shaky financial markets across the w
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So, there you have it.After making the world wait for what seems like forever, our FOMC decides to keep rates unchanged, leaving the markets even more confused than ever.The FOMC says it is monitoring the global situation.The vote was 9-1, with Jeffrey Lacker dissenting.Our markets are whipsawed a m
Finally, we are in that place where the Federal Reserve more than likely has very little wiggle room left. The policymakers find themselves at this crossroads largely due to their own ineptitude and complete failure to look at an increasingly inter-connected world, like the bankers at the Internatio
As if the focus has not already been enough on our Federal Reserve, the only thing any one involved with global financial markets is thinking about right now is the Fed decision on September 17. From where I sit, the Fed has three choices: Sit pat and do nothing. One and done. Ra
Call me crazy, but I just can't see what our Federal Reserve "geniuses" are seeing that lead them to conclude that conditions here at home are ripe for a liftoff in interest rates, let alone what is happening globally. The Fed is softly crooning "whistle while you work -- the Snow White version