Yellen Surgery Initially Successful, Rates Rise Stocks Up Big

Mark Melin

Published onDecember 16, 2015

Updated on May 13, 2021

Janet Yellen did it. Goldman Sachs was correct. We have liftoff!

Table of Contents

After the comforting Fed interest rate announcement by the Federal Open Market Committee that it will raise interest rates by 1/4 point for the first time in seven years, the S&P 500 finished trading up a strong 29.66 points.

Yellen finally delivers — After 9 years the Fed finally raised interest rates. Fed Chair Yellen took the historic step after her predecessor, Ben Bernanke, lowered rates to 0% during the depths of the 2008 global financial crisis.

Goldman was correct on December rate rise, while others say “what took so long?”

In a statement today, the FOMC...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Yellen Surgery Initially Successful, Rates Rise Stocks Up Big

Goldman was correct on December rate rise, while others say “what took so long?”

Login required to continue reading.

Get Your Business News