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"Did the Fed just tighten," asks BAML's Michael Hartnett, with a contrarian take on the decision...

"Did the Fed just tighten," asks BAML's Michael Hartnett, with a contrarian take on the decision to tie rate hikes to the unemployment rate. Previously, the Fed had promised ZIRP until late 2015. But what if headline unemployment falls to 6.5% before then? Hartnett notes bond inflows reversed into the largest outflows in more than a year in the days following the Fed announcement.
Comments (2)
  • wigit5
    , contributor
    Comments (3986) | Send Message
     
    I don't think we need to worry about unemployment under 6.5% before 2015. Barring the apocalypse of course...
    20 Dec 2012, 09:53 AM Reply Like
  • djohnsonhot
    , contributor
    Comments (635) | Send Message
     
    I agree! Anything is possible...but, I see no catalysts!
    20 Dec 2012, 12:30 PM Reply Like
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