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Money Management: Reading the tea leaves of the yield curve

On Dec. 19, 2018 the Federal Open Market Committee voted 10-0 to raise the Fed Funds Rate from 2%-2.25% to 2.25%-2.5%.[1] Even though this move was widely expected, the turmoil in the markets leading up to the meeting and immediately after revealed a lack of confidence. The S&P 500 was down -12.19% from Sept. 28, ...

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