The Fed Finally Raised Rates, and the Market…Yawned

By SNW Asset Management via

Debate surrounding the Federal Reserve raising interest rates has been raging all year. Coming into 2016 the Fed expected to raise rates four times, while the market was pricing in just two.

The disconnect in expectations was a main focus for bond investors and was likely to be a main driver of returns–positive if the Fed came the market’s way and negative if the market had to adjust to the Fed.

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