Abheek Barua & Bidisha Ganguly: The impending rate hike

Why a hawkish Fed no longer bothers the market

Abheek Barua & Bidisha Ganguly 

Abheek Barua & Bidisha Ganguly Well, we have heard from the horse’s mouth now. Following a week of what appeared to be carefully coordinated statements from senior officials of the US central bank’s (the Fed) all powerful monetary policy committee that an immediate hike in the Fed’s policy rate is warranted, Fed Chairperson Janet Yellen made a surprisingly categorical statement on Friday at a public meeting in Chicago. “At our meeting later this month, the Federal Open Market Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which ...

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Abheek Barua & Bidisha Ganguly: The impending rate hike

Why a hawkish Fed no longer bothers the market

Why a hawkish Fed no longer bothers the market Well, we have heard from the horse’s mouth now. Following a week of what appeared to be carefully coordinated statements from senior officials of the US central bank’s (the Fed) all powerful monetary policy committee that an immediate hike in the Fed’s policy rate is warranted, Fed Chairperson Janet Yellen made a surprisingly categorical statement on Friday at a public meeting in Chicago. “At our meeting later this month, the Federal Open Market Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which ... image
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