Fed Strategy Ahead of Trump Presidency: Raise Rates

Perspectives» |

December 16, 2016

As expected, the Federal Open Market Committee (FOMC) raised the target Fed Funds rate by 25 basis points (bps). The December rate increase represents the sole rate increase for 2016, following the December 2015 move, and the second increase since 2006. What surprised markets is that the FOMC projected three rather than two rate hikes of 0.25% in 2017.

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