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The Federal Reserve embarked on a historic path of raising benchmark interest rates for the first time in 3,640 days. The U.S. central bank’s decision to hike is intended to normalize monetary policy but strategists at Bank of America Merrill Lynch led by Michael Hartnett are forecasting that aftermath of the Fed’s move could be lots of selling in 2016 as investors eschew risky bets.
Here are 6 charts that illustrate some of the problems BAML foresees amid this monumental end of zero interest-rate policy …. http://www.marketwatch.com