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📉Stocks fell after FOMC decision❗

7:04 PM 16 June 2021

Median projections shows two hikes in 2023

The Federal Reserve keept the fed funds rate at 0-0.25% and bond-buying at a $120 billion monthly pace during the June 2021 meeting as widely expected. Fed lifted interest rate on excess reserves (IOER), from 0.10% to 0.15%, due to rising pressures in the short-term lending market. Median projections shows two hikes in 2023.

US500 fell sharply after today’s FED decision. Source: xStation5

 

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