PA ANALYSIS: Did Uncle Sam shoot himself in the foot?
The ‘first rate rise since the financial crisis’ was a long time coming and markets initially responded relatively well, but it is starting to look like a miss-step by the Federal Reserve.
Federal Reserve
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Fed indicates next rise won’t come before summer
The Federal Reserve’s decision to hold interest rates on Wednesday night accompanied by dovish rhetoric suggested the first rise of 2016 will not come until the summer.
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A year to remember: Crashes, QE and the return of rising rates
Investors will remember 2015 as a year spent trying to guess what major central banks around the world would do or say next.
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PA ANALYSIS: An EM rebound, calmer commodities, and other reasons to be optimistic
I’ve lost count of the number investors who described themselves as “cautiously optimistic” in 2015, but going into 2016 maybe we should drop the caution entirely (or at least tone it down a bit).
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Fed policy will be slow but not necessarily steady – Neuberger Berman
The Federal Reserve will proceed with its rate hiking cycle slowly but there could be ‘drama’ around each FOMC meeting next year, according to Neuberger Berman’s fixed income CIO Brad Tank.
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Fed move reinforces bond market gloom
Despite seven years on the zero bound, bond market reaction to the Fed’s first rate hike in nine years was pretty muted, which is what the FOMC would have been going for.
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All eyes turn to Fed’s next steps and China’s response
Markets have welcomed confirmation of the widely expected first interest rate rise since the financial crisis, but all eyes have quickly turned to focus on what comes next.
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Experts turn gaze towards European, Japanese equities
Industry commentators remain positive about equities in 2016 following the rate hike, opting for Europe and Japan over the US.
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Fed hits right notes as rates rise for the first time in nine years
About the right amount of ‘dovishness’ seems to be the initial verdict from market commentators pronouncing on what had been billed as the biggest event in financial markets since the collapse of Lehman Brothers.
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PA ANALYSIS: Just how clever is the Fed boxing?
The last time the Federal Reserve raised interest rates, Daniel Craig had just taken on the mantle of James Bond and Sylvester Stallone had just successfully resurrected the Rocky franchise from the ignominy of 1990’s Rocky V.
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It’s beginning to look a lot like a rate rise.
If the Fed start raising rates on Wednesday, which is almost a foregone conclusion, what will the accompanying statement say?
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PA ANALYSIS: Will Fed rate rise be a one hit wonder?
There appears no way back now that Janet Yellen and her Federal Reserve colleagues have all but committed to raising rates on 16 December, and a quarter point rise is largely priced into markets already.