Dollar Rises, Treasuries Fall as Fed Raises Rates

Posted by DanielS on Wednesday, 14 December 2016 19:46.

Bloomberg, “Dollar Rises, Treasuries Fall With Stocks as Fed Raises Rates”, 14 Dec 2016:

- FOMC lift interest rates for only second time since 2006

- Officials signal steeper path for borrowing costs in 2017

The dollar rose and two-year Treasury yields reached the highest in seven years as the Federal Reserve signaled a steeper path for borrowing costs in 2017 after raising rates for the first time this year.Stocks pared declines as Chair Janet Yellen said changes in rate projections were ‘very modest.’

   

“The bottom line is that this is more hawkish than the markets expected,” said Dennis Debusschere, a senior managing director and global portfolio strategist at Evercore ISI in New York. “I don’t think the shift higher in the dots was priced in. The consensus going in was that they’d wait until they had details of the fiscal program before they actually raised the rate forecast, and they did that before they saw the details.”

The Fed’s path to tighter monetary policy has been delayed throughout 2016, as first instability in Chinese markets, then the shock votes for Brexit and Trump, put policy makers on the defensive. After Wednesday, traders see a two-in-three chance of additional rate increases from the Fed by June, futures show.



Comments: None.



Post a comment:


Name: (required)

Email: (required but not displayed)

URL: (optional)

Note: You should copy your comment to the clipboard or paste it somewhere before submitting it, so that it will not be lost if the session times out.

Remember me


Next entry: Theresa May to meet officials claiming that Putin launched cyber-propaganda campaign against Britain
Previous entry: Tillerson, Exxon CEO with close links to Putin, is chosen by Trump to be secretary of state

image of the day

Existential Issues

DNA Nations

Establishment Problem

Categories

Contributors

Each author's name links to a list of all articles posted by the writer.

Links

Endorsement not implied.

Immigration

Islamist Threat

Anti-white Media Networks

Audio/Video

Crime

Economics

Education

General

Historical Re-Evaluation

Controlled Opposition

Nationalist Political Parties

Science

Europeans in Africa

Of Note

Comments

Thorn commented in entry 'Olukemi Olufunto Adegoke Badenoch wins Tory leadership election' on Mon, 04 Nov 2024 23:48. (View)

Thorn commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Sat, 02 Nov 2024 12:19. (View)

Al Ross commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Sat, 02 Nov 2024 04:15. (View)

Al Ross commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Sat, 02 Nov 2024 03:57. (View)

Al Ross commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Sat, 02 Nov 2024 03:40. (View)

Thorn commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Fri, 01 Nov 2024 23:03. (View)

Manc commented in entry 'The legacy of Southport' on Tue, 29 Oct 2024 17:21. (View)

Thorn commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Mon, 28 Oct 2024 23:14. (View)

Thorn commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Fri, 25 Oct 2024 22:28. (View)

Thorn commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Fri, 25 Oct 2024 22:27. (View)

Thorn commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Thu, 24 Oct 2024 23:32. (View)

Thorn commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Wed, 23 Oct 2024 16:37. (View)

James Bowery commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Wed, 23 Oct 2024 14:54. (View)

Thorn commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Sun, 20 Oct 2024 23:23. (View)

Manc commented in entry 'Dutch farmers go where only Canadian truckers did not fear to tread' on Fri, 18 Oct 2024 17:12. (View)

Thorn commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Wed, 16 Oct 2024 00:51. (View)

Thorn commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Wed, 16 Oct 2024 00:44. (View)

Thorn commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Mon, 14 Oct 2024 11:19. (View)

Al Ross commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Mon, 14 Oct 2024 05:59. (View)

Thorn commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Mon, 14 Oct 2024 00:28. (View)

Thorn commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Sat, 12 Oct 2024 23:44. (View)

Thorn commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Sat, 12 Oct 2024 10:44. (View)

Thorn commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Fri, 11 Oct 2024 09:41. (View)

Thorn commented in entry 'Doing the Basic Math For Net Asset Tax As Proposed by Bowery In 1992' on Fri, 11 Oct 2024 00:50. (View)

James Bowery commented in entry 'Doing the Basic Math For Net Asset Tax As Proposed by Bowery In 1992' on Thu, 10 Oct 2024 18:52. (View)

Thorn commented in entry 'Doing the Basic Math For Net Asset Tax As Proposed by Bowery In 1992' on Mon, 07 Oct 2024 22:28. (View)

James Bowery commented in entry 'Doing the Basic Math For Net Asset Tax As Proposed by Bowery In 1992' on Sun, 29 Sep 2024 23:57. (View)

Thorn commented in entry 'Reich and Rangel reveal the new anti-white, anti-middle-class agenda' on Sun, 29 Sep 2024 11:46. (View)

Thorn commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Sun, 29 Sep 2024 11:11. (View)

Al Ross commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Sun, 29 Sep 2024 05:39. (View)

Al Ross commented in entry 'Reich and Rangel reveal the new anti-white, anti-middle-class agenda' on Sun, 29 Sep 2024 05:28. (View)

Al Ross commented in entry 'The legacy of Southport' on Sun, 29 Sep 2024 05:24. (View)

Thorn commented in entry 'What can the Ukrainian ammo storage hits achieve?' on Sat, 28 Sep 2024 11:07. (View)

Thorn commented in entry 'Reich and Rangel reveal the new anti-white, anti-middle-class agenda' on Sat, 28 Sep 2024 10:26. (View)

Thorn commented in entry 'Reich and Rangel reveal the new anti-white, anti-middle-class agenda' on Wed, 25 Sep 2024 14:49. (View)

affection-tone