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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: CalculatedRisk who wrote (67947)8/10/2006 4:56:17 PM
From: redfrecknj  Read Replies (1) of 110194
 
My records disagree with yours. They show no raise in June, 25 basis points in July intra-meeting for August(intra-meeting raises were briefly a Greenspan fetish), 25 basis points in October, and another 25 basis point intra-meeting raise in November for December. They also show raises in '00 as Jan 25, March 50, and May 25 . In toto we went 175 basis points from 4.75% to 6.50%. Since it's a target rate managed to rather than a fixed number set by the Fed like the discount rate, it is sometimes difficult to look at the actual data series and determine when the Fed changed. 25 basis point changes sometimes show up as just 15 thirty days later and sometimes 40 sixty days later as the market anticipates.
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