The Federal Reserve announced a .25% hike in interest rates. This is the third rate hike since 2006 and rates are now .75-1%
For the third time since June 2006, The Federal Reserve has hiked rates by 25bps (as 100% expected). If GDP forecasts for Q1 are correct, this will be the weakest economy since 1987 in which rates were increased.
In fact this could be the lowest since Q4 1980 according to BBG data…
