He said this 75 basis point hike is rare and such move will not be common. But he also mentioned for July hike, it may be 50 or 75. Having two 75 basis points hike in a row is viewed as not common? Basically he is trying to sooth the investors sentiment. So the market is currently reacting positively. But after people calm down and read into detail (3 - 3.5% by end 2022, unemployment will go up), how will the market react? Previous few times, market went up after Powell speech and come straight down on the next day. Will this time he the same?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments