Fed Meeting and Powell Comments Processed by Markets, March Rate Hike Is On

The Federal Open Market Committee (FOMC) held their much anticipated January meeting on Wednesday and made it clear they were still on track for a rate-hike in March. Markets initially rose after the statement but then they began giving up gains during Powell’s press conference. The Fed Chairman stressed that inflation risk was to the upside in his and most of the committee’s estimation. He opined on the balance sheet as well, saying it was far too large, but that the significant winding do...

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