They did it: the Fed raised interest rates by 50 basis points. If anything, Jerome Powell was a bit dovish in his press conference. He told everyone to expect several more 0.5% raises over the next few meetings, but that larger hikes are not currently part of the plan. That went against market expectations, which had priced in one 75-basis point raise in the coming months.
Click the image above or the link to read Half A Point Later, Still No Clarity.
