Markets Appeared to Be Ahead of the Fed
The US Federal Reserve announced Wednesday, June 15, its decision to raise the federal funds rate by 0.75%, the largest rate hike in nearly two decades. The market’s response? US Treasury yields actually fell slightly compared to the curve’s position on June 14. This is not to suggest bond markets shrugged off the Fed’s actions.
Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.