Tag: bear market

(21 September 2022) The Federal Reserve surprised no one today by hiking interest rates another 75 basis points in its ongoing efforts to curb inflation.  The Fed's overnight lending rate now stands at 3.25% with a strong likelihood of rising to 4% at its next meeting in early November.  With inflation remaining stubbornly high, the Fed has little choice but to maintain its aggressive stance as markets are now expecting the tightening cycle to stay in place into 2023. In his remarks today, Fed Chair Jerome Powell confirmed that the...