Finance, Forex and Investments

interest rates 1979 to 1982

Summary: new monetary growth targeting only to get more votes and the FOMC He was fully aware that simple vanilla rate hike would be better But it doesn t really matter The chart of those times The red line is Fed Funds rate as FOMC sets it Yellow is 3 months bill and green is 10Y bond What s interesting the yield curve inverted in late 1978 10 months before Volcker was

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