Willie Delwiche Comments on the Market’s Reaction and Longer-Term Implications
December 15, 2016
On December 14, the Federal Reserve announced its unanimous decision to raise interest rates by .25%, bringing its target range for rates to 0.5 - 0.75%.
While the stock market had largely priced in this news before the announcement, there was some volatility in response to Fed Chair Janet Yellen’s post-meeting press conference, where she shared a forecast for three rate increases – anticipated to total .75% - in 2017.
In this video, Baird Investment Strategist Willie Delwiche analyzes the market’s immediate reaction to this news, as well as the longer-term implications for investors and the U.S. economy.