Unanimous FOMC Decision Amid Ongoing Appropriate Rate Range Increase
b'The Federal Reserve raised the main rate to 75 BPS to 2.25% up to 2.5% target range. Are unusually large increases appropriate? "Equity prices popped on these comments. Jerome Powell is being hawkish in the near term, but what is he confirming about the economic slowdown? The Federal Reserve is starting to turn dovish," says Tom White. "The 2 year yield is down about 7 basis points after the Jerome Powell statement," George Tsilis adds.'