Well, there you have it folks! 25bps as predicted by pretty much everyone. The Fed’s unanimous decision brings interest rates to the highest level in 22 years. After the announcement, traders waited patiently for JP to take the podium with the hopes of him hinting at another pause considering the recent soft inflation data. Instead, and as with previous press conferences, JP left the door open for more hikes this year. He notes the softening inflation data as a positive but also shines light on…
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