Tag: illusion

U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal Reserve Building in Washington, U.S., February 1, 2023. REUTERS/Jonathan Ernst

Rallying markets suffer from a doveish illusion

By forex10Posted on February 1, 2023

The “money illusion” ranks among the most lyrical-sounding concepts in economics. It refers to the mistake that people make when […]