Comment: Fed signals end to rate cycle

- Central Banking staff
- 14 Dec 2005

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The Fed this week increased interest rates by 25 basis points for the 13th consecutive time. While the move itself was a foregone conclusion, the removal of the word "accommodative" from the accompanying monetary policy statement, indicates that the current cycle of rate hikes may be nearing its end. The timid reaction in the bond market suggests that this too had been widely expected.

COMMENT BY CENTRALBANKNET

One of the main reasons why the market took Tuesday's statements in its stride was

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