Perhaps it’s just a knee-jerk reaction to the Fed move, which we all expected. Nevertheless, stocks are CAREENING lower post Fed interest rate hike, just 25bps, and the selling is intensifying.
Here are the headlines:
FOMC Voted 8-1 For Fed Funds Rate Action; Bullard voted for 50bps rate hike
Fed hikes 2024 rate to 2.75% and cut its median loner-run dot to 2.375% now from 2.5%.
The Fed’s dot plot is penciling in rate hikes at every remaining meeting this year.
Fed now sees year-end inflation at 4.3%
FED’S POWELL: THE FOMC MADE GOOD PROGRESS ON THE BALANCE-SHEET PLAN THIS MEETING.
FED’S POWELL: POLICY IS AND WILL CONTINUE TO ADAPT TO THE ENVIRONMENT.
href=”https://t.co/tyy7mxHJ4V”>pic.twitter.com/tyy7mxHJ4V
— zerohedge (@zerohedge) March 16, 2022
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Fed now sees year-end inflation at 4.3%
Fed also sees trans pink polka dot rhinos jumping over the moon
When, has the Fed ever been right?
We’ll see Brrrrrrr by 2%
Broken clock: sometimes right
@mintsyfra
Ukraine has legalized the crypto sector — @ZelenskyyUa
signed a law. From now on foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies.
Rate-hike, smake-hike! MOAR!!