The U.S. Federal Reserve (The Fed) appears firmly on track for a December hike after leaving the federal funds rate unchanged today at ¼ to ½ percent.
Mario Draghi’s European Central Bank (ECB) announcements on the morning of December 3, 2015, while stimulative, nonetheless underwhelmed the market; but that does not mean that they were not well thought out. The market’s disappointment, along with its consequential same-day rally of the […]