Fed Watch: In a Holding Pattern
At today’s FOMC meeting, the Fed voted to keep interest rates unchanged. As a result, the trading range remains at 5.25%–5.50%, a more than 20-year high watermark. This week on the Basis Points podcast, Kevin Flanagan analyzes the impact of the rise in Treasury yields, the ongoing quantitative tightening and the new rate regime on fixed income investors.
Basis point: 1/100th of 1 percent.
The skinny
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