The Fed Was Getting More Predictable Until Trump Got Elected
- FOMC was getting more predictable prior to December meeting
- Meetings without Yellen briefings are increasingly in play
Ira Jersey: We’ll Get Three Rate Hikes This Year
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U.S. Federal Reserve officials were on a roll communicating their intentions to financial markets until December, when even a well-advertised interest-rate hike triggered a big sell-off in the bond market.
As Fed policy makers gather this week, a question for investors is whether that was an isolated incident or the start of a more turbulent cycle.