The Fed Uncaps Its 2% Inflation Without Increasing The Federal Funds Rate - What Does That Mean For The Market And Me?

The Federal Reserve recently announced that it will allow inflation above the 2% cap for the time being without increasing the federal funds rate. What does that mean to us? Tim first explained a couple of concepts: first, the Fed's dual mandate policy, which is price stability and maximum sustainable employment; second, the federal funds rate doesn't equal interest rates you get from the bank or mortgage. Nathaniel added that please do not assume that just because the Fed s...