The Fed announced the largest rate hike-50bps in 22 years, and the stock market recorded the biggest rally after FOMC's rate hike news in 44 years. 4 Key Takeaways of FOMC Meeting Powell's harsh rhetoric on inflation ("attentive", "much too high") had intimidated the market. But then Powell removed the market's concerns by making it clear that the committee was not considering a 75bp rate hike. Powell added future data benchmarks for Fed's direction - the job vacancy's rate and the unemployment rate. The non-farm payrolls data will be the new incoming indicator for investors to observe Fed's move. Powell showed great confidence in a "soft landing", arguing that there won't be recession
How will the market perform before & after FOMC Meeting?
The Fed is expected to raise interest rates by 50 base points on the FOMC meeting on May 3 & 4... So how will the market perform before & after that? Make a prediction & leave your analysis to win coins!