Stability

The big news today is the US Federal Reserve’s big FOMC meeting. The expectation is that the Fed will announce a big rate hike, one of the biggest in decades. The previous rate hike amounted to 0.5%, and the expectation for today is 0.75%. While it’s entertaining watching Jim Cramer and his ilk share their opinions on various matters which–I think–they likely have no clue about, it’s even more interesting learning about how institutions like the Fed really have no clue what they’re doing.