The Federal Reserve and The Bank of England Conclude Monetary Policy Meetings in The Weekly Market Update by Valeo Financial Advisors (December 17, 2017)
December 17, 2016    Disclosures    POSTED IN  InvestmentsEconomyMarkets

The United States Federal Reserve Bank raised the target fed funds interest rate range by 25 basis points to 0.50%-0.75% from 0.25%-0.50%.  This is the second interest rate hike since the Fed kept its target rate range near zero following the financial crisis.  Projections by officials have also increased from two expected hikes in 2017 to three.  The increased expectation for interest rate normalization helped surge the USD to new highs.  The Bank of England held  its December policy meeting this week leaving key interest rates unchanged, siting the USD’s strength as it causes capital flight fears in China and uncertainty of banking in the Eurozone.

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