Friday, January 8, 2016

So, the Rate Hike...How's That Going?

How many of you lend or borrow federal funds?  Not many, I suspect.

So, the Fed's recent raising of the target funds rate only affects you and me and the business community if other other market rates go up as well.

None did.

Treasury yields are lower today, substantially lower, than they were before the Fed Raise.  Mortgage rates are lower, cd rates are lower. 

So, what went up?

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