Let's just put this to a vote and see what the average trader thinks of the fed recent decision to hike. For the record I think it was a huge mistake and if anything shows signs of instability, one minute they say no bail out then the next they "try" and give away $$$.
Which country's fed hiked by 50bp? I missed that headline. I'd like to trade my $USD for their currency.
Huge mistake. Everybody is raising rates while we lower. I look for Japan and ECB to raise soon for the next 10% correction.
Only US has fed; other countries have the central bank. Look at the bond market crashed; I guess the mortgages rate can't lower; either stay high; or goes higher. Nice try Ben; he is going to hike the fed's rate in no time.