Throughout most of 2022 investors have been laser focused on the U.S. Federal Open Markets Committee (a.k.a. FOMC or the “Fed”) and the federal funds rate which the Fed uses as its primary tool to manage the direction of monetary policy and interest rates in the United States. As dictated by U.S. Congress, the Fed is assigned their dual mandate: keep inflation under wraps and maintain maximum employment.
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Issue 37 – The Fed Obsession
Throughout most of 2022 investors have been laser focused on the U.S. Federal Open Markets Committee (a.k.a. FOMC or the “Fed”) and the federal funds rate which the Fed uses as its primary tool to manage the direction of monetary policy and interest rates in the United States. As dictated by U.S. Congress, the Fed is assigned their dual mandate: keep inflation under wraps and maintain maximum employment.
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By Charles Marleau CIM® and William Mitchell CIM®
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By Charles Marleau CIM® and William Mitchell CIM®