FOMC Hikes Rates 25bps as Expected, But Statement Says More Hikes to Come!

The FOMC today hiked rates 25bps to 0.50% , as expected, by a vote of 8-1.  St Louis Fed President Bullard was the sole dissenter and voted for a 50bps hike. However, the FOMC statement noted that ongoing increases are appropriate.  It expects to begin reducing the size of the balance sheet at “an upcoming […]

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