Yellen puts cat among the pigeons
- 5 years ago
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John Authers analyses a dramatic day on Wall Street following a largely expected rate rise by the Federal Reserve. First the projection that the Fed would raise rates three times next year, and then a surprisingly hawkish press conference by Janet Yellen, prompted a sharp sell-off for the Treasury bonds, and a massive rally for the dollar which brought it to its strongest levels in more than a decade.
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John Authers analyses a dramatic day on Wall Street following a largely expected rate rise by the Federal Reserve. First the projection that the Fed would raise rates three times next year, and then a surprisingly hawkish press conference by Janet Yellen, prompted a sharp sell-off for the Treasury bonds, and a massive rally for the dollar which brought it to its strongest levels in more than a decade.
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes