What Rates Markets Are Overlooking About the FOMC
The pace and likely end point of Fed tightening are more important than the start date in determining the yield curve — and the long-term rate outlook.
Shehriyar Antia
December 17, 2025
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Jan. 27, 2015. The policy-setting Federal Open Market Committee (FOMC), meeting for the first time in 2015 on Tuesday and Wednesday in Washington, will be challenged by reports contrasting the encouraging performance of the U.S. economy with a global outlook that has darkened since they met in December. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
