The 4th Federal Reserve interest rate of the year is for a 1/4 of a point from 2.25, to 2.5.
Quarter? Fourth? Four?
This comes just before the 105th anniversary of the establishment of the Federal Reserve.
Notice the FR was established on the last day of Saturnalia, traditionally.
https://www.cnn.com/2018/12/19/business/federal-reserve-december-rate-hike/index.html
Look at what the market did after the hike.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.