- The Fed raised rates and signaled more hikes to come, extending the tightening path rather than pausing.
- Stocks rallied and yields fell on the day of the decision, an easing in financial conditions that ran opposite to the hawkish policy signal.
- The same coverage window included a blowout jobs report that fueled rate hike bets and a Fed governor pointing to disinflation, showing the market swinging on each labor and inflation datapoint.
Quotes
“Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond.”