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Half A Point Later, Still No Clarity

From The Maven Letter, April 6, 2022
By Gwen Preston


They did it: the Fed raised interest rates by 50 basis points. If anything, Jerome Powell was a bit dovish in his press conference. He told everyone to expect several more 0.5% raises over the next few meetings, but that larger hikes are not currently part of the plan. That went against market expectations, which had priced in one 75-basis point raise in the coming months.

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