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March 16, 2017

Rate Hike: Yellen Pumps the Brakes a Third Time
By Ben Mohr, CFA, Senior Research Analyst

The Federal Reserve voted on March 15, 2017 to hike the fed funds rate by 0.25%, targeting a range of 0.75%-1.00%. The vote was nearly unanimous—nine versus one out of the ten total voters on the Federal Open Market Committee—with Minneapolis Fed President Neel Kashkari voting for no change. This is the third hike after the Great Recession, following the 0.25% hikes in December 2015 and December 2016.

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