Episode 611: The DC Today - Wednesday, May 3, 2023
Fed Day is the best day
Fed Day is the best day
Today's Post - https://bahnsen.co/42hbBOA
So the Fed today raised rates a quarter point as expected, now to a range of 5%-5.25%. They indicated a “wait and see” approach about the next meeting though futures right now reflect a 91% implied probability that they are done raising rates. The language change of their statement implies that this is correct – this time, they are really done.
David is the Founder, Managing Partner, and the Chief Investment Officer of The Bahnsen Group.
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