They've had the same policies in effect for almost a decade, might be time for a change
They're trying to give the illusion that we're in a tightening cycle, but that is a blatant lie. The whole system throws a tantrum in response to the possibility of 4 hikes (25 basis point per hike, which by any measure is very nominal) and the Fed caves. Now they're predicting two hikes this year, in reality, I'd wager on one hike of 25 basis points. The Fed is a complete joke, the markets are enjoying euphoria on "global uncertainty" (this is why Yellen won't hike in her own words), this is what is being embraced, lol. Nothing to see here.