-
September rate hike would break Fed tradition during election year
A Federal Reserve interest-rate hike in September would break the U.S. central bank’s tradition of no surprise tightenings during election years, according to Alec Phillips, an economist at Goldman Sachs. “The Fed appears to have a greater aversion to surprise hikes than surprise cuts in general, this pattern appears even stronger in presidential election years,” Phillips said in a research note. Since 1990, 6% of the Fed’s hikes have been less than 70% discounted by the market by the time of the meeting. In contrast, no pre-election rate hike —in 1968, 2000, and 2004— has been less than 90% discounted by ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Sep 8, 2016 1:29pm Sep 8, 2016 1:29pm
- sherif
- | Joined Dec 2007 | Status: Member | 7 Comments
- Comment #2
- Quote
- Sep 8, 2016 1:59pm Sep 8, 2016 1:59pm
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
- Comment #3
- Quote
- Sep 8, 2016 2:04pm Sep 8, 2016 2:04pm
- sherif
- | Joined Dec 2007 | Status: Member | 7 Comments
- Comment #4
- Quote
- Sep 8, 2016 2:22pm Sep 8, 2016 2:22pm
- hassan561
- | Membership Revoked | Joined Oct 2011 | 130 Comments
- Comment #5
- Quote
- Sep 8, 2016 2:50pm Sep 8, 2016 2:50pm
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
- Comment #6
- Quote
- Sep 8, 2016 3:06pm Sep 8, 2016 3:06pm
- Guest
- | IP XXX.XXX.44.243
- Comment #7
- Quote
- Sep 8, 2016 3:09pm Sep 8, 2016 3:09pm
- Guest
- | IP XXX.XX.246.78
- Comment #8
- Quote
- Sep 8, 2016 4:30pm Sep 8, 2016 4:30pm
- Guest
- | IP XXX.XXX.73.204
- Comment #9
- Quote
- Sep 8, 2016 11:24pm Sep 8, 2016 11:24pm
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
- Comment #10
- Quote
- Sep 8, 2016 11:25pm Sep 8, 2016 11:25pm
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments