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How the Fed Could Spark Even More Profits from This "Cashless Wonder"
Most media tuned out once it became clear the U.S. Federal Reserve wouldn't act to raise interest rates in September.
But in doing so, the media failed to report on some illuminating predictions from the Federal Open Market Committee's "dot plot" on where they think the Fed funds rate will be in the near, medium, and long term.
What the media didn't tell you was that an FOMC member actually predicted a negative Fed funds rate - for the first time ever in Fed history.
Most media tuned out once it became clear the U.S. Federal Reserve wouldn't act to raise interest rates in September.
But in doing so, the media failed to report on some illuminating predictions from the Federal Open Market Committee's "dot plot" on where they think the Fed funds rate will be in the near, medium, and long term.
What the media didn't tell you was that an FOMC member actually predicted a negative Fed funds rate - for the first time ever in Fed history.