….just as they said, just as it was telegraphed for most of the year, and so what? Currencies haven’t gone crazy, bond markets look ok, even equity mkts are up. It has been the biggest non-event which is perfect.
So let us go outside and enjoy the “winter” weather that finally has hit BKK today.
But if you care enough, here’s a snippet from the official statement and a link to it as well:
“Given the economic outlook, and recognizing the time it takes for policy actions to affect future economic outcomes, the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent. The stance of monetary policy remains accommodative after this increase, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.
Source: Federal Reserve