Not so fast, Santa..! (*Or whatever holiday jolly figure you fancy). Markets began the day drifting marginally higher with little additional catalysts ahead of the main event scheduled for 2pm. And then!.. A slowing in pace now set in stone, shifting from a series of 75bps raises, with the Dec rate hike of 50bps coming in as widely expected and the total count for 2022 coming in at 425bps of hikes!
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