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Op-ed: Losing patience with the Fed
It comes perhaps as no surprise that yesterday’s meeting of the ten voting members of the Federal Open Market Committee (FOMC) ended in an anti-climactic manner, providing no real clarity about the future of interest rates at the Federal Reserve. The removal of the word “patient” simply means that the Fed “has the option to […]
READ MOREFrom U.S. Rubber to Apple, the Dow Reflects a Changing Economy
Apple Inc. today joins the Dow Jones Industrial Average, replacing AT&T. For a listing originally based on heavy industry, the fact that Apple, the technology-driven consumer electronics company that has the largest market value in the world, is now entering the Dow reflects how much the economy has changed.
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