The Fed raised the discount rate to 0.75 tonight after market close and the futures are down right now.
This combined with options expirations tomorrow could make for a very volatile trading session.
BLOOMBERG
Of course, everyone's fear is that they're tightening too soon and repeating the mistakes the Fed made in the mid-30's when they snuffed out the recovery and set us into a double-dip depression. I guess time will tell.
JTS
This combined with options expirations tomorrow could make for a very volatile trading session.
BLOOMBERG
Of course, everyone's fear is that they're tightening too soon and repeating the mistakes the Fed made in the mid-30's when they snuffed out the recovery and set us into a double-dip depression. I guess time will tell.
JTS