What Fed Hike? Yields, Dollar and Bank Stocks Slip
December 13, 2017 at 16:43 PM EST
The Federal Open Market Committee surprised absolutely nobody by raising its federal funds rate target 25 basis points (one-quarter percentage point), to 1.25%-1.50%. And the central bank’s monetary-policy makers stuck to their projections for three more increases in 2018. But guess what? Treasury yields fell in the face of the as-expected FOMC decision with the […]