Three-month U.S. Dollar London interbank offered rate (LIBOR) that serves as the basis for trillions of dollars in loans and floating-rate securities globally hit a 10-year high of 2.45%, the highest level since November 2008.
As LIBOR moves upwards, Central Banks remain so predictable
The Federal Reserve under new chairman Jerome Powell approved a 0.25% hike that puts the new benchmark funds rate at a target of 1.5% to 1.75%.
There was once a time when no one knew what to expect when Central Bankers met. Times have entirely changed, they are so predictable. Continue reading “As LIBOR moves upwards, Central Banks remain so predictable”