Fed. Raises Rates 25 Basis Points.
From Greg M
Lions and friends…
As we expected, the Fed. Has raised rates by 25 Basis Points.
The immediate market reaction is muted with the 10yr yield and DXY stable.
The MMRI as well is also virtually unchanged.
The real fireworks will start, if any, during Powell’s testimony.
Lets see how it goes…
GM
nothing surprises me that the rates go up. Does anyone remember the rates around 17 or 18 percent in the 1970s under Carter?
This increase was baked in. Gabbagoul