Flat Fed
11/02/2022 |
While the press release from today’s Fed meeting clearly indicated that the Fed will reduce the rate at which it raises rates, which was mistakenly interpreted by markets as a bullish sign, Powell went to great lengths in his press conference to quash that notion. He reiterated that there is “a ways to go” before rates stop rising, but I bet they have no clue how much higher they’ll get.