The Federal Reserve raised the interest rate it charges on short-term loans to banks
Thursday – the Federal Reserve raised the interest rate it charges on short-term loans to banks:
And Mish’s follow-up
The night before an options expiration. I wonder if the insiders had on the wrong position and needed to give the market a push?
Jim Sinclair, admittedly a hardcore gold bull and dollar bear, asserts that this was something of an unplanned, emergency response to recent news that China is selling US Treasurys. At the same time, I believe the yield curve had been the steepest in a very long time, if not ever. It seems the FED was running out of options here…