12 days ago • Posted by Ajmir Omid
No huge surprise - Fed increased rates by 50 bps
The US Federal Reserve announced raising rates 50 bps and starting balance sheet reduction in June at a monthly pace of USD 47.5 billion, stepping up over three months to USD95 billion. The move is very much in line with market expectations. Stocks and Treasuries rallied following the decision, while the dollar retreated.