After the conclusion of Janet Yellen's long-awaited speech from Jackson Hole, the Fed has done what it tends to do all too often: nothing.
It is incredible to think of the energy and time spent over the past few weeks, focusing on this 'huge' event.
Regardless, the outcome was foreseeable and exactly what we predicted. In an August 23rd article, The Fed Contemplates $4 Trillion Stimulus, I wrote,