U.S. | FOMC raises rate for third time this year, poised for fourth in December
Published on Thursday, September 27, 2018 | Updated on Friday, September 28, 2018
U.S. | FOMC raises rate for third time this year, poised for fourth in December
Summary
As we expected, the FOMC raised its benchmark rate for the third time this year. Markets reacted little to the widely anticipated 25bp increase, with 10-year treasury yields down a bit and equity prices up slightly.
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Authors
Boyd Nash-Stacey
Nathaniel Karp