How The Market Performs Pre and Post Fed Funds Rate Hike?
The Federal Reserve has not raised key interest rates for a long time. The last time it raised rates was on June 29, 2006. After that, beginning in the third quarter of 2007, it started to cut rates and since December 2008, it has kept the Fed Funds rate between 0-0.25%. Now the Fed is giving hints that it is getting ready…