Wall Street Journal (September 16)
“The Federal Reserve raised interest rates Wednesday for the first time in three years, a sharp reversal that began taking back cuts it made last year.” The decision to “raise the benchmark federal-funds rate range by a quarter point to between 3.75% and 4%” was unanimous and most “officials penciled in one more hike this year in interest-rate projections released after their meeting.”
Tags: 3.75%, Benchmark, Decision, Fed, Federal-funds rate, Hike, Interest rates, Projections, Quarter-point, Raise, Reversal, Unanimous
Bloomberg (July 28)
“Bond traders who’ve set themselves up for gradual interest-rate cuts starting in September are ramping up side bets in case a sudden slide in the US economy forces the Federal Reserve to be even more aggressive.” A minimum of two quarter-point rate reductions are priced in for the year and “some traders have gone even further with wagers that pay off if central bankers go bold and deliver a half-point cut in mid-September — or start lowering rates sooner.”
Tags: Aggressive, Bond traders, Central bankers, Economy, Fed, Half-point, Interest, Quarter-point, Rate cuts, September, Slide, U.S.
