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

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To: redfrecknj who wrote (68026)8/10/2006 5:07:21 PM
From: CalculatedRisk  Read Replies (1) of 110194
 
Your records appear incorrect:

June, 1999: (You show no increase)
federalreserve.gov
The Federal Open Market Committee today voted to raise its target for the federal funds rate 25 basis points to 5 percent.

But the key point is: Did they pause and then start raising again? The answer is yes.

Oct 5, 1999: PAUSE
The Federal Open Market Committee decided today to leave its target for the federal funds rate unchanged.
federalreserve.gov

Nov 16, 1999: 25 bps hike
The Federal Open Market Committee today voted to raise its target for the federal funds rate by 25 basis points to 5-1/2 percent.
federalreserve.gov

Dec 21, 1999: Pause
The Federal Open Market Committee made no change today in its target for the federal funds rate.
federalreserve.gov

Feb 2, 2000: 25 bps hike
The Federal Open Market Committee voted today to raise its target for the federal funds rate by 25 basis points to 5-3/4 percent.
federalreserve.gov

So its not unusual for the Fed to pause and then keep hiking. I'm not saying that is what will happen this time, but they have paused and hiked again in the past.
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