Uncertainty over the Federal Reserve's next move is throwing investors for a loop and unsettling markets. Diane Swonk, chief economist at Mesirow Financial, explains what the 'Fed Dread' is all about.
There are some economic headwinds blowing strong right now. And one of them is coming from Spain where a disappointing bond auction yesterday sent government borrowing costs to a 5 month high and renewed fears about the European Debt Crisis.
The U.S. government has confirmed that the economy grew 3 percent last quarter, and that could mean that the U.S. economy and the European economy are going to diverge this year as the U.S. grows and Europe shrinks.
The future of Greece hangs in the balance as it is still uncertain whether they will be able to dig themselves out of their debt hole — with a lot of help from the rest of Europe.
