Closed-End Fund Market Commentaries
Sep 20, 2017
Click here to access Fed Resists the Doves
The big news today wasn’t the Federal Reserve’s decision to start gradually reducing its balance sheet in October. Almost everyone expected that. Instead, the big news was that twelve of the sixteen members of the Fed’s interestrate setting body – the Federal Open Market Committee – think the Fed will be raising interest rates by at least 25 basis points later this year.