By Jeff Thredgold, CSP, President, Thredgold Economic Associates and Economist for Zions Bank
The Federal Reserve’s modest increase in its largely symbolic discount rate on February 18 was perhaps the most visible sign yet that its “exit strategy” is well underway. More moves to the exit will be undertaken in coming weeks and months, including the previously announced cessation in late March of its mammoth purchase of mortgage-backed securities.
tags: business, economy, jeff thredgold, tea leaf newsletter
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