MAKE OR BREAK WEEK (FOMC recap): Fed does a "make" but the market does a "break." Pause is now the base case.

The Fed's FOMC announced its May rate decision deciding upon a +25bp hike and a shift towards an evenutal pause by modifying the policy statement "in determining the extent may be appropriate" (removing "the committee anticipates that some additional policy firming may be appropriate").

FED ACTION IS A "MAKE": In essence, this was a "dovish" +25bp rate hike as the Fed believes rates are sufficiently restrictive. But equities saw a sizable sell-off. I listened to the press conference twice,...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in

More from the author

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In