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Analysis: As markets turn, Fed says it is not fazed

Reuters  |  WASHINGTON 

By Howard Schneider and Jonathan SpicerWASHINGTON (Reuters) - U.S. Federal Reserve officials convinced the massive U.S. bond market has fundamentally changed in the last decade are about to test their commitment to that idea against investors who have begun betting against the U.S. central bank's ability to continue raising interest rates.In what could set the stage for a volatile 2019 if the Fed acts more aggressively than investors expect, top policymakers are maintaining their view that nosediving bond spreads don't give the same sour signal about the economy that they used to.Investors ...

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First Published: Wed, December 05 2018. 02:52 IST