Wall Street Just Called the Fed's October Hold a Mistake. Here's Warren Buffett's 9-Word Rule From the Last Time the Fed Doubled Rates, and What It Does for $1 Million in an Index Fund

Wall Street Just Called the Fed's October Hold a Mistake. Here's Warren Buffett's 9-Word Rule From the Last Time the Fed Doubled Rates, and What It Does for $1 Million in an Index Fund247wallst.com· 2d
A 247wallst.com article reports Wall Street calling the Federal Reserve's October hold a mistake — Bank of America's economists say it is "falling behind the curve on inflation" — and cites Warren Buffett's 1994 advice to "ignore political and economic forecasts." It recounts four past tightening episodes and, for a hypothetical couple's $1 million index fund, computes outcomes from a 1937-style $430,000 loss to a 2018-style $277,000 gain, concluding the fund stays.

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