When the Fed voted to hike interest rates, the market reaction saw stocks rise, bond yields fall and the U.S. dollar decline against its global peers. That, according to Goldman Sachs, was pretty much precisely the wrong reaction. After all, the U.S. central bank, by increasing its benchmark rate, was trying to tighten up things at least a little. Instead, a measure Goldman uses to gauge financial conditions actually loosened afterward. The upshot: Investors may be underestimating how quickly the Fed will move in the future. "We feel quite confident that they were not aiming for a large easing in financial ... (full story)