The last time Greenspan got really nasty was in 1994. At first, he applied gradualism, raising the Fed funds rate by 25 basis points three times during the first four months of that year. Then he opened fire. In May, the Fed hiked the rate by 50 basis points, in August another 50, followed by 75 basis points in November and, for good measure, another 50 in February of 1995.
To be sure, the situation today is by no means as acute as it was then. And, I know, there's an election this fall. And, yes, the U.S. stock market is faltering.
aus einem Artikel bei www.marketwatch.com
To be sure, the situation today is by no means as acute as it was then. And, I know, there's an election this fall. And, yes, the U.S. stock market is faltering.
aus einem Artikel bei www.marketwatch.com