It is time for the Fed to stop muddying the waters and come clean on its true monetary policy intentions. Another interest rate tightening is long overdue and no better time to get Fed policy back in traction again with an unequivocal rate hike signal this week. The market expects it, the US economy needs it and it could do the Fed’s policy credibility a world of good. The Fed has skirted round the issue of higher rates for far too long and for a myriad of reasons. Weakness in the global economy, the risk of a hard landing in China, turbulent financial markets, Brexit fallout worries and domestic uncertainties have ... (full story)