If the news report that the Fed “raised interest rates to 2.5%”, what does that actually mean? Which “interest rate” is referred to here? Who is obliged to follow it? What are the immediate consequences for banks? And why did the 2yr T-bills fall from 2.8% to less than 2.5% in December, despite the hike?
Submitted December 31, 2018 at 07:24PM by asml84 http://bit.ly/2F0csg6
