Is Fed ending ‘easy money’ era

By scott miller

In a trading week shortened by the Labor Day holiday, the three major United States stock indexes all gained at least 2 percent as investors and analysts seemed to think the Federal Reserve wasn’t ready to end the “easy money” era just yet and would hold off raising its benchmark rate until later this year, at its meeting in October or December.Indeed, The Wall Street Journal’s latest survey of 64 economists found that only 46 percent of the respondents thought the Fed would act at its meeting this week; in early August, before concern about China rattled stock markets, 82 …

Source:: Vail Daily Feed