Not At All The Same Thing

By |2017-11-27T18:10:35-05:00November 27th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It is a common misperception that the Fed has in the past raised rates pushing the US economy into recession. The last time that was true was in 1979, when the Fed raised its Discount rate from 9.5% starting in June of that year to 13.0% the following March - right in the middle of the 1980 recession. It was [...]