Daily Archives: Mar 16, 2017 at 07:12 am EDT

Fed Raises Interest Rates As Q1 GDP Growth Estimates Dip

The Federal Reserve raised interest rates yesterday as the Treasury market reacted by lowering yields. The softer market yields could be a vote of confidence in the Fed’s monetary policy in the sense that inflation worries are contained. An alternative view is that the bond market is becoming anxious at the sight of tighter monetary policy amid falling estimates for first-quarter GDP growth in the US.
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