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Janet Yellen and Fed left with face full of egg after interest rate rise blunder

Discussion in 'Market News' started by Lily, Jan 15, 2016.

  1. Lily

    Lily Forum Member

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    Four weeks and one market meltdown later, US central bank’s decision to opt for early rate hike no longer looks so clever

    Turn the clock back a month. It is the week before Christmas and the Federal Reserve has just raised interest rates for the first time in almost a decade.

    The mood in the markets is upbeat. A so-called Santa rally is in full swing. Dealers say the US central bank has played a blinder by keeping Wall Street sweet. If there were Oscars for central bankers, Janet Yellen would be picking up the golden statuette.

    Related: US stock markets take a major fall as Dow reaches lowest level since 2014

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