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FOMC Lifts Fed Funds By 25 bps, Hawkish Talk From Members Grow, Dot Plot Suggest Six More Hikes This Year

The Fed conducted its long-awaited lift-off and the market appeared largely encouraged by the choreographed nature of it all. Shorty after lift-off, there was a few hawkish comments from Federal Open Market Committee (FOMC) members that we’ll discuss below, but overall the reaction from the market has been positive and lift-off happened to coincide with one of the most positive weeks for stocks in a year.

The vote for raising the Federal Funds target from a range of 0 to .25 to a range between ...

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