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The Fed just made its message pretty clear
→ Rates raised 25 bps to 3.75%–4.00%
→ Unanimous 12–0 vote
→ Inflation still too hot
→ Economy and spending remain solid
→ Labor market still holding up
No sugarcoating it this was a hawkish FOMC.
The Fed is choosing the inflation fight over giving markets easier financial conditions.
Now all eyes are on what comes next.
#FedAnnounceRateDecisionSoon
#CLARITYActFailsToPass