🚨 FOMC UPDATE
The Fed raised rates by 25 bps to 3.75%–4.00% in a unanimous 12–0 vote.
Key points:
• Inflation is still running too high
• The Fed believes tighter policy will help bring inflation back toward 2%
• Economic growth remains solid
• Consumer spending is holding up
• Hiring remains steady and unemployment has barely moved
• Productivity and business investment remain strong
• The Fed reiterated its commitment to price stability
Overall tone: Hawkish.
Markets now turn to the press conference for clues on what comes next.
GM everyone #FedHikes25BpsUSStocksClose #USHouseAdvancesBitcoinReserveBill $NVDAB
The Fed raised rates by 25 bps to 3.75%–4.00% in a unanimous 12–0 vote.
Key points:
• Inflation is still running too high
• The Fed believes tighter policy will help bring inflation back toward 2%
• Economic growth remains solid
• Consumer spending is holding up
• Hiring remains steady and unemployment has barely moved
• Productivity and business investment remain strong
• The Fed reiterated its commitment to price stability
Overall tone: Hawkish.
Markets now turn to the press conference for clues on what comes next.
GM everyone #FedHikes25BpsUSStocksClose #USHouseAdvancesBitcoinReserveBill $NVDAB
