US Bond Market Week in Review: To No One's Surprise, the Fed Raises Rates

     To no one’s surprise, the Fed raised rates 25 basis points on Wednesday.  The release contained the following assessment of the economy: Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been expanding at a moderate pace since mid-year. Job gains have been solid in recent months and the unemployment rate has declined. Household spending has been rising moderately but business fixed investment has remained soft. Inflation has increased since earlier this year but is still below the Committee’s 2 percent longer-run…

Source: XE news feed
US Bond Market Week in Review: To No One’s Surprise, the Fed Raises Rates