Yeah, We Already Knew
December 19th, 2016 | Work to Wealth
Wednesday’s FOMC’s decision to raise rates was telegraphed well in advance by market interest rates. Since the conclusion of the election, market interest rates have risen substantially. This left the FOMC no choice but to raise the federal funds rate .25% to a .50%-.75% range or they would risk being “behind” the curve. Official market...