Market Gets Its 50 Basis Points, but Fed Forecasts a Higher Peak Rate and a Worsening ’23 Economy
Key Takeaways After Fed Raises Rates 50 Basis Points, the Market Slumps, Then Quickly Recovers Before Ending Lower FOMC’s Declining Economic Projections, Rising Inflation Forecast, Provide Initial Pain When Could Rates Be Headed Down? Possibly Not Until ’24 Shawn Cruz, Head Trading Strategist, TD Ameritrade (Wednesday Post-Fed) The Federal Reserve’s rate decision today wasn’t a curveball for […]