A 0.5% Key Interest Rate Hike In September
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Interest Rate Hike In SeptemberThe Federal Open Market Committee (FOMC) on Wednesday increased key interest rates 0.75% as Wall Street anticipated. The FOMC statement telegraphed more rate increases would be forthcoming by saying the Fed “anticipates that ongoing increases in the target rate will be appropriate.” Q2 2022 hedge fund letters, conferences and more However, Fed Chairman Jerome Powell at his press conference was more dovish and said “At some point, it will be appropriate to slow down … We...