MMs may interpret hiking rate like this# Stock
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cited from http://www.cnbc.com/id/35470054:
"The way I would look at it is the Fed believes that the markets have
effectively healed," said Deutsche Bank chief U.S. economist Joseph
LaVorgna. "If you look at the Fed's balance sheet, a lot of these programs
aren't in effective use any more. Therefore the Fed wants to symbolically
show things are better. Spreads have come in. The markets are acting more
normally again."
"The way I would look at it is the Fed believes that the markets have
effectively healed," said Deutsche Bank chief U.S. economist Joseph
LaVorgna. "If you look at the Fed's balance sheet, a lot of these programs
aren't in effective use any more. Therefore the Fed wants to symbolically
show things are better. Spreads have come in. The markets are acting more
normally again."
