UN Watch

A step towards ending the era of easy money

As US monetary policy returns to normalcy, the global financial system will also have to make the necessary adjustments

Mar 17, 2017
Stocks and bonds rallied after the US Federal Reserve raised interest rates on Wednesday. This is in contrast to 2013, when just a hint that the US central bank would start reducing the quantum of its asset purchase sent financial markets all over the world into a tailspin.
The Fed’s latest decision to raise rates was perfectly coordinated as markets, until just a few weeks ago, were not expecting the central bank to act in March. But members of the rate-setting committee, including Fed chairperson Janet Yellen, clearly indicated in their recent public appearances that the US central bank was on course to raise rates in March itself. However, the Federal Open Market Committee did not change its projection for future rate hikes for the year, which means that there will be two more hikes during the year.
 
Read more at :- http://www.livemint.com/Opinion/r4Xbc8b8SE2Jq8xA1P3LLI/A-step-towards-ending-the-era-of-easy-money.html
 
Livemint, March 17, 2017
 

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