by Chris Reilly
Casey Research
The Federal Reserve is holding interest rates steady.
Yesterday, in its final monetary policy decision of the year, the Federal Open Market Committee (FOMC) said it’ll keep its benchmark rate between 1.5% and 1.75%.
It thinks it’s the best move right now. Maybe it’s right. Maybe it’s wrong.
After all, the Fed’s just doing what it does best: manipulating the markets… “fine tuning” the economy…