The Market Is Acting Like the Fed Cut Rates
- More increases may be needed if accommodative conditions hold
- Fed chair faces dilemma similar to Greenspan experience
What Signals Are the Fed Sending to the Market?
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Financial markets are telling Janet Yellen there’s more work to be done -- or else.
While the Federal Reserve chair raised interest rates by 25 basis points as expected Wednesday, the outlook was less hawkish than market participants foresaw, with projections for the medium-term tightening cycle largely unchanged.