Janet Yellen Explains Why Rate-Hikes Are Bullish - Live Feed
31 October
Five light-hearted Halloween films, picked so the only thing that jumps out at you is a pumpkin. No gore, no jump scares — just ghosts with better comic timing than most comedies.
Well, liftoff has officially begun.
Assuming 25 bps doesn't tip EM into crisis and/or trigger some kind of dramatic, unforeseen meltdown elsewhere, the Fed is about to embark on the first rate hike cycle in over a decade.
Of course the hike itself isn't what's interesting - virtually no one thought the Fed would fold again, even as China did its best to create a bit of pre-Yellen drama by stirring up the deval fears with a nod to a new trade-weighted index for the yuan.
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