Powell Saves The Day

It seems as though most of the FOMC hawkishness was well priced in because there was no negative market reaction to the news of a 25bp rate hike and 6 more hikes to come this year.

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It seems as though most of the FOMC hawkishness was well priced in because there was no negative market reaction to the news of a 25bp rate hike and 6 more hikes to come this year. This left the market trading higher on the back of Fed Chair Powell's comments in the presser.

Video Length: 00:01:16

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