Monthly Archives - July 2018

interest rates

Think Easy Monetary Policy Is Over? Not So Fast

With the Federal Reserve having raised its target federal funds rate for the past year and a half and showing commitment to slowly drawing down the size of its balance sheet, many have declared the era of easy money to be over. But that’s not really the case. Yes, interest rates will rise as the Fed tightens its policy, but despite the limited tightening the Fed remains, as it itself has stated, extraordinarily accommodative. A federal funds rate at [...]