Fed tightening - past and present

Lacy Hunt & Van Hoisington | Hoisington Investment Management | 02 May 2017

 

1. FED TIGHTENING CYCLES - PAST AND PRESENT

The Federal Reserve has initiated its fifteenth tightening cycle since 1945 (Figure 1). Conspicuously, in 80% of the prior 14 episodes, recessions ...

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