Hello Everyone
In the “I told you so” category, the FOMC declined to raise interest rates at its most recent meeting (Sept 17), stating that inflation data is still not at the target 2% level.
A PDF file with the actual press release, and key areas highlighted by me, is at this link: FOMC-SEPT-17
Markets did not celebrate the lack of a rate hike, and closed lower at the end of the day.
I have no compelling reason to depart the safety of the G-Fund, and as such, I remain 100% G-Fund for now.
Everyone have a great weekend…
-Bill Pritchard
