The Fed- Too Fast, Too Furious
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By Kelvin Lee, Alonso Munoz The Federal Reserve raised rates by another historic 75bps last week. That’s the third time this year and pushes the federal funds rate to a 3-3.5% target. As anticipated, equities have reacted negatively, and bond yields have spiked. The market is now pricing our earlier call of a 4.5-5 percent […]