Would this end up being the pivotal moment of this decade? There is already speculation of recession in the 12-18 month time frame[0] and the energy sector [1] is going downhill since April. I'm seeing some cities and suburbs expanding unlike anything in a while but how much of that could be sustained?

To word it differently, did the Fed blink or are the underlying indicators where they want it to be?

[0] Given the cyclic nature of recessions, we seem to have artificially delayed it a bit.

[1] https://www.google.com/finance?catid=us-TRBC%3A50&ei=jLpxVtG...