
Week ahead: the Fed raised rates, now come the speeches
The Fed did what the market had been pricing in for weeks: on Wednesday it raised its main interest rate by a quarter point, to a range of 3.75-4.00%, the first time it’s raised rates since 2023. What happened next is the more interesting part. Government bond yields pushed above 5% for the first time in almost two decades, which weighed hard on Dow and DAX, while NASD brushed the whole thing off and finished the week higher. That split, not the rate rise itself, is the story going into this week. ...
