Contributor: Jess B. Yawitz, Ph.D.
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Fed Liftoff: More Questions than Answers
Markets are currently implying nearly an 80% probability that on December 16th the fed funds target range will be raised by 25 basis points. This expected increase will be the first rate hike since June 2006 – when a share of Lehman Brothers cost more than a share of Apple, and when a lot of…