FOMC Recap: Fed Delivers 75bps, But Powell Throws Cold Water on Hawks

As we noted in our FOMC preview report, the market had already fully “priced in” a 75bps (0.75%) rate hike from the Federal Reserve, with only an outside chance at a full 100bps (1.00%) move, so today’s as-expected 75bps increase, bringing the benchmark Fed Funds rate to the 2.25-2.50% range, has had only a minimal […]

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