The Fed is Coming To Hike Your Rates

The Fed is Coming To Hike Your Rates

Posted On December 18, 2018 3:32 pm

The Fed is set to meet today and tomorrow to decide their interest rate policy. Three months ago, this meeting was being viewed as pro-forma; there was a near-unanimous agreement among economists and investors it would result in another 25 basis hike in Fed Funds rate and probably indicate there would be another 1-2 more hikes coming in 2019.

But things have changed. Tomorrow’s decision and the language around it are now viewed as one of the most important meetings in years.

So why the sudden shift? First and foremost, it was at the September meeting Powell indicated there could be other 3-4 hikes, saying …

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Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

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