Fed Hikes, Dot Plot Sees More Hikes, New Rate Hike Cycle; Bond Market's Sigh of Relief
· seekingalpha.com
The 12 voting FOMC members voted unanimously for a 25-basis point rate hike, bringing the Fed’s policy rates to 3.75-4.0%. The rate hike soothed some ragged nerves, and bond yields declined.
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This was a hawkish meeting, with a unanimous vote for a hike and more hikes indicated.
With Fed Chair Warsh pre...