Reply To: Federal Reserve Again Raises Rates Again 75 Basis Points as Expected

15 Jun '22 at 12:38 pm #38731
TradersCom
Keymaster

Powell opening statement:

Inflation is much too high
It is essential we bring down inflation down
Consumption spending remains strong
Growth in business fixed investment is softening
Housing is slowing
Tightening in financial conditions could continue to temper growth
Labor market has remained extremely tight
Wage growth is elevated