FED lifts interest rates as expected

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It has been another solid day for the US economy as the FED raised interest rates to 2% (1.75% prev) showcasing that things may be returning to normal for the world’s largest economy. Powell was quick to champion the US economy in his questions with reports and make sure they understand that 2% was the key goal for inflation for the US economy. The FED was also quick to point out that it sees the future of the US economy and the recent fiscal policy having positive flows on the economy, something that markets were quick to take notice of. On top of this earlier on we had a strong PPI… Read More

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