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Tag Archives: rate hike

THE FED SPEAKS, AND…

Yes, we got a little flurry of a rally in the stock market yesterday after the Federal Reserve lifted its target rate for short-term interbank loans a quarter point to 1.25% — the first official rate hike in four years. Traders seemed relieved that Greenspan & Co., in announcing the move, promised to act in “measured” fashion if further increases should prove necessary (as they almost surely will).