Next Fed rise in December

20 September 2017

 

At its latest September meeting, the Federal Open Markets Committee (FOMC) gave markets pretty much what was expected; no rate change and the beginning of quantitative tightening (QT). While both were expected, there was also a sting in the tail as well. As ANZ put it, “The Fed did not surprise [us], but the underlying signal was more hawkish than markets expected, shooting the USD higher…Yields pushed higher as the...

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