The Fed Decision Explained In 1 Simple Chart
Tumbling US unemployment and surging US inflation is not what really matters to 'Global' Janet. She knows what happened the last time "market" expectations were so disclocatedly bullish relative to "economic" expectations... and doesn't want to be driving the current bus off the great-er depression cliff...
A 'hold' in Sept - rally; a 'hike' in Dec - plunge; and this time 'hold' because everything is so decoupled...