WSJ: "For the Fed, Markets May Be Flashing a Wait Sign"

First a quote that is probably correct ... "I suspect way more economists than traders think the Fed will go this week. While way more traders than economists think the Fed should." Joseph Weisenthal This is an important point from Greg Ip at the WSJ: For the Fed, Markets May Be Flashing a Wait Sign The Federal Reserve owes no allegiance to the stock market. Its responsibility is to the actual economy-employment, output, inflation. But sometimes, markets send the Fed important signals about the actual economy, and this may be one of those times. As Fed policy makers ponder Wednesday and......(read more)

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