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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARY

The Federal Reserve boosted short-term interest rates on Aug. 16, causing a

rally in the bond market. Traders were pleased by the decision to hike the

federal funds rate by half a percentage point, in the view that the Fed was

determined to keep inflation in check. After the action was announced, yields

of 30-year Treasuries fell from 7.50% to 7.36%. The Fed's action was

appreciated by the stock market as well, and the Dow Jones industrial average

climbed 24 points. The dollar fell during the week.


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