This is not your Mothers Fed, History will not dictate policy.
Goldman Sachs: History tells us the Fed will stick to its rate-hiking path
Goldman Sachs analysts claim that the last 25 years of history shows that the Federal Reserve will stick fast to its current path of interest rate hikes, despite a recent sell-off in stock markets. U.S. futures suggested there would be a return to buying when markets open Wednesday but global trade tensions and concerns over the tech sector growth have driven "risk-off" sentiment lately. Following Tuesday's session, the Dow and the S&P 500 had lost all gains previously made during 2018. The underlying U.S. economy is still going strong however, adding 250,000 jobs in October and growing at an annualized 3.5 percent ... (full story)