"...$2 TRILLION in reverse repurchase agreements..."

[TOM4CWB]

"The median projected target interest rate for 2016 remained 1.375 per cent, implying four quarter-point rate hikes next year.

To edge that rate from its current near-zero level to between 0.25 per cent and 0.50 per cent, the Fed said it would set the interest it pays banks on excess reserves at 0.50 per cent, and said it would offer up to $2-trillion in reverse repurchase agreements, an aggressive figure that shows its resolve to pull rates higher."

"$2 TRILLION in reverse repurchase agreements, an aggressive figure that shows its resolve to pull rates higher."

Isn't that QE...

"the Fed said it would set the interest it pays banks on excess reserves at 0.50 per cent"...

WHAT is THAT???

[TOM4CWB]

http://www.theglobeandmail.com/report-on-business/international-business/us-business/fed-hikes-rates-in-historic-move-as-policy-crisis-ends/article27780955/

..."The Fed emphasized it would move gingerly into its tightening cycle. That was enough to produce a unanimous vote on the policy-setting Federal Open Market Committee, as even members who had argued publicly for delaying a rate hike delay went along with Fed Chair Janet Yellen and other policy makers."