Episode 3 of CFI Deeper Dive is here! Today we talk about Jerome Powell’s tone at the most recent U.S. Federal Reserve meeting where interest rates were hiked by 25 basis points.
Quick recap 🧐
• Just last week, the Federal Reserve hiked interest rates by 25 basis points resulting in a target range of 4.5%-4.75%, the highest since October 2007
• Jerome Powell spoke with an optimistic tone and said: “We can now say I think for the first time that the disinflationary process has started”
• Both the S&P and some bonds rallied from the Fed meeting, but typically stocks and bonds are inversely correlated
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