The Fed's 1994 playbook: Rate hikes and a bond market 'massacre' - Markets Insider
6/18/2022 12:00:00 AM2 years 10 months ago
by George Glover
by George Glover
Fed chair Jerome Powell looks increasingly likely to copy Alan Greenspan's 1994 playbook - when interest rates doubled to 6% in just 16 months.
The Federal Reserve implemented its largest interest rate hike in 28 years Wednesday. Bill Clinton was president, Boyz II Men were top of the charts, and Pulp Fiction was still showing in movie th… [+3135 chars]
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