The Fed is alive!

Yesterday the Fed held interest rates steady and indicated that inflation has begun to rise to worrisome levels (what, really?), a sign that the Fed may begin raising interest rates in the near future. I think this is a good move for the economy over the long term, but may not be good for the stock market over the next year or so. If interest rates are hiked while the economy is not growing steadily, this could swamp the market as the price of acquiring and deploying capital rises. However, this is good for your retirement accounts over the long term, as there are few things more dangerous to a retirement account than high inflation, which eats away at the value of your assets like a termite.

Also, note that I have added a very crude "crude oil monitor" to the blog. If this is too depressing to see, let me know and I'll consider removing it.

Until then!