When it comes to the biggest stories of 2015, it’s hard to top the Federal Reserve’s rate hike drama.
Investors watched with bated breath (not literally, I imagine, as many would’ve asphyxiated waiting for the Fed to make a move) to see when the Fed would finally raise the federal funds rate off of the zero bound.
Then, on December 16, it happened. Janet Yellen announced the first rate hike since June 2006, a 25-basis point adjustment. Numerous observers have called it a “historic” move.
For many, if not most, investors, the rate hike was the biggest story of 2015 – and its residual effects are sure to be felt long after the calendar switches to 2016.
With that in mind, here are our top five articles from 2015 about Janet Yellen, the U.S. economy, and the rate hike rollercoaster.
The 2016 U.S. presidential election could prove a watershed after two decades of bipartisan, bubble-inflating easy-money policy at the Federal Reserve.
QE and zero interest rates are just the tip of the iceberg. Tim Maverick looks at the zany plans central bankers have in store for your money.
Alan Gula says that the Fed is creating massive distortions in the market, including dividend-paying stocks that trade at ludicrous valuations.
If economists had a hard time spotting the Great Recession in real time, then this next recession is going to be completely unanticipated.
Chris Worthington breaks down the latest news from the Fed, which reported weaker-than-expected economic data and refused to say when it will raise rates.
Editorial Director, Wall Street Daily