This week, the Federal Reserve voted to increase interest rates by another 25 basis points, marking the second of three forecasted rate hikes in 2017.
After years of being a player in capital markets, the Federal Reserve may be resuming its role as referee.
Throughout the whole of 2015, markets speculated when the Federal Reserve would finally take the plunge and begin raising interest rates. After fits and starts all year, the Fed raised interest rates in December. It also laid out a plan to continue to raise interest rates by 25 bps each quarter until we reached more normal levels. After the rough start to 2016, however, the Fed last Thursday signaled a potential change in policy.