Fed raised interest rates by 25 pb, in line with market expectations. Federal Reserve fund rate is at 5% percentage level now.
- Fed will maintaint it's QT. According to Fed job creation in US economy has accelerated.
- Fed indicates that further increases may be appropriate
- Fed shows one more rate hike this year and probably 75 bp rate cuts
- Fed further attentive to inflation risks
- Projections show for one more hike this year and a 75bp cut next year
- Dollar loses, indices gain after decision
US500 is higher in first reaction after rate hike. Source: xStation5
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