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Derby’s Take: Rate Shift Complicates Fed Officials’ Desire to Give Guidance
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Guidance regarding interest rates that Federal Reserve officials provide the public and markets will likely be viewed with more skepticism after this week.
On Wednesday, the Federal Reserve raised its overnight target rate by three quarters of a percentage point, the largest such move since late 1994. That came as market expectations shifted rapidly at the start of the week, even as the Fed’s so-called blackout period, in which central bankers must refrain from commenting in public on monetary policy issues, was in effect.
Read more on wsj.comAbout this in other media
Bitcoin price rises to $20.7K as Fed's Powell says more rate hikes 'appropriate' cointelegraph.com /1 year ago
Powell Says Fed Needs Compelling Evidence of Inflation Slowdown to Alter Rate-Rise Path wsj.com /1 year ago
Fed’s Waller Supports 0.75-Percentage-Point Rate Hike in July wsj.com /1 year ago
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