Fed Hikes Rates For 3rd Time In 11 Years, Sees Two More Rate Hikes In 2017
by Tyler Durden
ZeroHedge.com
Mar 15, 2017
For the third time since June 2006, The Federal Reserve has hiked rates by 25bps (as 100% expected). If GDP forecasts for Q1 are correct, this will be the weakest economy since 1987 in which rates were increased.
Fed Headlines:
FED RAISES BENCHMARK RATE TO 0.75%-1%; KASHKARI DISSENTS
FED: INFLATION CLOSE TO GOAL, REFERS TO TARGET AS `SYMMETRIC’
MINNEAPOLIS FED’S KASHKARI PREFERRED NO CHANGE IN RATES
The key thing going into the FOMC was what happens to the ‘2018’ dot (in the dot plot), and also whether the ‘Longer Run’ dot will be above 3% – which would be perceived as a very hawkish signal.
The Rest…HERE
