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Game Changer Central Bank Decisions

Game Changer Central Bank Decisions

3 Years ago | September 25, 2016 00:00:00

John M. Bland, MBA

Momentous Central Bank Developments
Few market participants were expecting the FOMC to raise on Wednesday. Sentiment was correct as the Federal Reserve kept its key Fed Funds target range steady at 0.25-0.50%. The markets had been running very low odds on a rate hike. What did surprise traders was that FOMC members significantly marked lower their interest rate forecasts for 2017. So even though Chair Yellen specifically mentioned the possibility of a rate hike this year, presumably at the December 13-14 me

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