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RE: Initial reaction from FED raising rates
Very suspect. Not like everyone didn't know it was going to happen. Should have been priced in.
Very suspect. Not like everyone didn't know it was going to happen. Should have been priced in.
Yea, it wasn't so much the rate hike it was the fact that Powell continued to talk tough going forward. I think markets, myself included, keep thinking he's going to blink at some point here and stop hiking so aggressively. Not yet though.