Rate hike in the future?
There is a rate hike rumor going around involving the Federal Reserve this month.
The article states, “A March rate hike … would mark the first time in years that the Fed raised rates when it did not obviously have to do so, in the sense that it was under no pressure either from markets or from its own prior signals to push ahead with an increase,” strategists at Evercore ISI said in a note to clients. “This is interesting and in our view has informational content.”
Read more from the original article here.