Summary of today Fed Rate Decision trading day - whomp on head
Typically fed decision days are up big and then usually down later the next day.
Today fed raised 0.25 as expected.
they tried to rally, then "whomp" over the head after Jerome Powell mentioned that the Fed would still raise rates more if needed despite the recent bank support efforts.
Today fed raised 0.25 as expected.
they tried to rally, then "whomp" over the head after Jerome Powell mentioned that the Fed would still raise rates more if needed despite the recent bank support efforts.
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