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Patience - The Fed That Called Wolf

The definition of patience is the ability or willingness to suppress restlessness or annoyance when confronted with delay. For Fed watchers, patience was the word of this past week. After years of quantitative easing that followed the subprime mortgage crisis of 2008 and general economic meltdown, the Fed tapered the program last year, which eventually ended. In 2014, the Fed stated intentions to raise short-term interest rates in 2015. Now that 2015 has arrived, circumstances may have…