"When Greenspan finally moves the market will feel relieved that the Fed is on top of controling interest rates. This market can in fact surge even with higher interest rates."
but wouldn't a surprise rate hike be an overall negative? he's already said "measured" and the market's pricing in a 25bp move rather soon, but if this is thrown in as a surprise, without some crisis to motivate it, wouldn't that suggest to the markets that additional hikes are on their way sooner rather than later?
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