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IPFS News Link • Federal Reserve

Fed Hikes Rates By The Most In 28 Years, Signals Volcker-Era Is Back

• Zero Hedge

Tl;dr: The Fed hiked rates by a stunning (but expected) 75bps - the biggest hike since 1994. Esther George dissented (preferring 50bps). Fed expresses that is "strongly committed" to fighting inflation.

The Fed sharply raised its rates outlook (to meet market expectations) and sharply lowered its growth and employment outlooks.

Since the last FOMC statement on May 4th, all hell has broken loose in global capital markets (and economies).

US equities have collapsed (Nasdaq -15%) and US Treasury yields have exploded higher. Gold is down around 3% since the last FOMC, mirroring the 3% or so gain the USDollar Index...(NOTE everything shifted after last Friday's CPI)


thelibertyadvisor.com/declare