Post by Eric Gajewski on Dec 15, 2016 16:43:08 GMT
TradCatKnight: Economic Crisis: Fed raises rates for the second time in a decade
Federal Reserve officials, amid signs that the U.S. economy soon could shed its long period of stagnation, approved the first interest rate hike in a year Wednesday and said it foresees three more increases next year.
The stock market reacted calmly, while bond yields and the dollar rose. The yield on 2-year Treasurys hit its highest level in since August 2009.
tradcatknight.blogspot.com/2016/12/economic-crisis-fed-raises-rates-for.html#more
Federal Reserve officials, amid signs that the U.S. economy soon could shed its long period of stagnation, approved the first interest rate hike in a year Wednesday and said it foresees three more increases next year.
The stock market reacted calmly, while bond yields and the dollar rose. The yield on 2-year Treasurys hit its highest level in since August 2009.
tradcatknight.blogspot.com/2016/12/economic-crisis-fed-raises-rates-for.html#more