FOMC Minutes: No News but Curve Flattens

The minutes of last month’s meeting of the Federal Open Market Committee contained few surprises, especially since the panel took the widely anticipated step of raising its federal-funds target range by 25 basis points (one-quarter percentage point), to 1.50%-1.75%. Getty Images/iStockphoto Yet various measures of the yield curve’s slope continue to show the greatest flatness […]
Source: Barrons

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