By John Persinos
The Federal Reserve met Wall Street's expectations Wednesday, raising interest rates by 0.25%. More about the Fed's decision (and the market's bullish reaction), in a minute. First, let's examine the current divergence between economic reality and public perceptions.
Two new polls reveal that perceptions about the U.S. economy are bleak. And as Fed Chair Jerome Powell stated at his press conference today, the Fed understands the tangible economic effects of perceptions.
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