The Fed hiked rates by a stunning (but expected) 75bps – the biggest hike since 1994. Esther George dissented (preferring 50bps). Fed expresses that is “strongly committed” to fighting inflation…
Bonds Surge, Stocks Rally After Fed Turns Dovish…
U.S. stocks rallied for a third day and yields on shorter-maturity Treasuries tumbled after the Federal Reserve struck a dovish tone in its latest policy statement. The dollar weakened against almost all its major peers. The benchmark S&P 500 pushed within striking distance of an all-time high set April 30, led by gains in the […]
The Fed Hikes Rates For The 8th Time, Ends “Accommodative” Era…
The Fed’s eight rate-hike since 2015 was perhaps the most anticipated yet, and Jay Powell did not let investors down, delivering the 25bps hike everyone expected. And so it was – but all eyes were on the dot plots and the language changes in the statement. As Bloomberg noted, Fed policy makers face two important […]
Fed Raises Interest Rates and Continues to Foresee Three Hikes in 2018…
The Federal Reserve on Wednesday lifted a key U.S. interest rate, but the central bank also struck a wait-and-see stance in light of persistently low inflation and a pending change in leadership. As widely expected, the Fed raised its benchmark federal funds rate by a quarter percentage point to between 1.25% and 1.5% — the […]