Hawkish

By |2018-04-19T17:35:19-04:00April 19th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

At their December 2017 policy meeting, the FOMC majority voted to increase the monetary policy targets (RRP & IOER) by an additional 25 bps. It was the fifth such move dating back to December 2015. It was not, however, a unanimous decision. Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari both opposed the “rate hike.” At a [...]