The Yield Curve Is Still in Need of Some Fed Attention

There's nothing like uncertainty and speculation to prove everyone wrong. What am I talking about? Well, let's go back about a month to the last Fed meeting, when the committee raised the fed funds rate.

This was the third hike in about 15 months, and "only" put the overnight funds rate at 0.75%. By contrast, a normalized interest rate policy would have this rate around 3%. For all intents and purposes, the Fed is still accommodating the markets with low interest rates.

Recently, Fed speakers have said the economy is stronger, and therefore it can absorb rate hikes. This is due mostly to strength in the jobs market, housing market (somewhat) and a few other areas pointing to higher GDP....258 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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