- The Fed raised rates, its first hike in three years, reversing the prior policy stance.
- Bloomberg's Big Take podcast frames the move around the economic forces driving the decision.
- A renewed hiking cycle lifts the discount rate applied across duration-sensitive equities, REITs, and long-dated Treasuries.
Quotes
“For the first time in three years, the Fed voted to raise interest rates.”
“On the latest Big Take podcast: the economic forces behind the move.”