What is the Federal Reserve trying to do with all of the comments and news conferences by the governors? Haven't we been hearing that they will continue to keep rates low into 2015? Well, knowing how the Fed works I would say that they are ...trying to soften the market and not have to look like the bad guys by putting the brakes on an already slow economy. So much for 2015 - last week the Fed meeting minutes had several dissenting and saying that rates may be low only until the end of 2013 - WHAT! After they state MULTIPLE times that 2015 was the magic date they drop this on the economy and the markets react immediately to change their positions (see chart January 3) and uncertainty is once again taking over the markets. Interest rates rose 1/4% immediately.
