Fed Hikes Rates, Unleashing First Tightening Cycle In Over 11 Years
by Tyler Durden
ZeroHedge.com
12/16/2015
On the 7th anniversary of entering ZIRP, and for the first time since June 29th 2006, The Federal Reserve announced today that it will try and raise interest rates:
*FED RAISES INTEREST RATES 0.25 POINT IN UNANIMOUS VOTE
Of course, the flowery language and dots are as dovish as possible while maintaining some semblance of credibility with regard growth expectations as The Fed unleashes a tightening cycle for the first time in over 11 years. Pre-FOMC: S&P Futs 2050, 2Y 98bps, 10Y 2.29%, Gold $1072, Oil $36, EURUSD 1.0960
The Rest…HERE
