As we have seen, a surprise tightening of 25 basis points should be expected to lower stock prices by only a little more than 1 percent, which, as already noted, is a trivial movement relative to the overall variability of the stock market.
The UWI is fortunate to have the benefit, as lecturer for this course, of one who has been writer, teacher and service provider in this field from its inception, in the person of Bruce Zagaris. Bruce’s CV speaks for itself: he has a B.A., J.D., and LL.M. from The George Washington University, Washington, DC, one of the most distinguished universities in the US.