The Fed is now following its 1994 playbook — when aggressive rate hikes led to a 'bond market massacre'

The Fed is now following its 1994 playbook — when aggressive rate hikes led to a ‘bond market massacre’

The Federal Reserve raised interest rates by 75 basis points Wednesday — its largest hike since 1994. Jerome Powell looks increasingly likely to copy Alan Greenspan’s 1990s playbook, analysts said. Greenspan’s Fed hiked interest rates seven times in 13 months, driving a massive bond sell-off. Loading Something is loading. The Federal Reserve implemented its largest …

The Fed is now following its 1994 playbook — when aggressive rate hikes led to a ‘bond market massacre’ Read More »