The Fed did just what everyone expected and raised rates by 25 basis points. That’s the tenth hike in just over a year and brings the Fed funds rate to 5-5.25%.
It’s either the beginning of the end (if you think the Fed has hiked us into a recession) or the end of the beginning (if you think a soft landing or persistent inflation scenario is likely).
Click here to read The Beginning of the End? The End of the Beginning?