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"Don't Panic": Wall Street Reacts To Fed's Biggest Rate Hike In 28 Years

From zerohedge.com

The biggest rate hike since 1994, when the Fed's raised rates by 75bps sparking the Tequila Crisis and an IMF bailout of Mexico is now in the history books, and while it was widely telegraphed courtesy of the WSJ's mini -Hilsenrath, Nick Timiraous, it is still a momentous move. Below we have collected some of the early kneejerk reactions from Wall Street strategists, analysts and economists. Peter Boockvar, advisor at Bleakley Advisory Group: “So the Fed is embarking on the most aggressive hiking cycle in 40 years but they estimate barely any impact on the unemployment rate. As for their estimate for GDP, it went ... (full story)

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  • Category: Fundamental Analysis