You are viewing a single comment's thread from:RE: LeoThread 2023-07-26 23:32View the full contextfinanceinsights (49)in LeoFinance • last year 🧵 1. Fed hikes rates by 25bps to 5.50%, marking 11th consecutive increase and surpassing 2006-2008 cycle highs. #finance
🧵 2. FOMC keeps language that they'll assess info for monetary policy; takes into account tightening, lags, and developments.
🧵 3. Statement revisions include upgrade from "modest" to "moderate" economic expansion; FOMC did not hold target rate steady.
🧵 4. Market reaction subdued as stocks, bonds, and dollar show limited movement.
🧵 5. Analysts divided on whether this is the last hike of the Fed's tightening campaign; statement lacks clear direction.
🧵 Read more at: https://www.zerohedge.com/markets/fed-hikes-rates-25bps-expected-stays-data-dependent