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Yesterday afternoon, the Fed raised the Fed Funds rate by 0.25% to 5.00%. The US central bank took the middle path in its statement and projections. The majority of FOMC members indicated they are thinking one more interest rate hike
Monetary policy decisions, statements, and forecasts have continued to impact trading in stocks, bonds, currencies and commodities around the world overnight. Equity and bond market momentum has been generally downward, adding to yesterday’s late afternoon selloff that was sparked by
Late yesterday afternoon, it appears that some investors tried to put a positive spin on yesterday’s larger than expected Fed rate hike (0.75% vs street 0.50% to 1.75%), perhaps on the notion that the faster the Fed raises rates, the
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