The Fed Already Tightened 3.25% And Probably Doesn’t Know It

The Fed Already Tightened 3.25% And Probably Doesn't Know It

As seen in the Shadow Federal Funds Rate, the effective interest rate was as low as -3% in April of 2014 before the Fed started tightening. The current rate of 0.25% means the Fed has already tightened by 3.25%. There is no way the Fed will stick to its proposed rate hike schedule. If it […]