The Pomp Letter
The Pomp Letter
Human Monetary Policy Creates A Circus
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Human Monetary Policy Creates A Circus

To investors,

The Federal Open Market Committee (FOMC) is holding one of their eight regularly scheduled meetings today and tomorrow. It is widely anticipated that interest rates will be increased at least 25 basis points.

The key word in that sentence is “anticipated.” This is because no one actually knows what is going to happen. The FOMC will conduct …

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