Seeking Alpha

"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)
  • 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
  • I agree! Anything is possible...but, I see no catalysts!
    20 Dec 2012, 12:30 PM Reply Like
DJIA (DIA) S&P 500 (SPY)