Fed raises interest rates modestly, plans seven rate hikes in total this year

[SunTrader]

Do you know what might be in the minutes last month that dropped the market 400 points after release?

https://seekingalpha.com/article/44...-the-fed-minutes-technically-speaking-for-1-5

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"Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after."
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[SunTrader]

"The S&P 500, Dow and Nasdaq traded lower Monday afternoon in a choppy session. The major indexes extended losses after Federal Reserve Chair Jerome Powell said the Fed would 'adjust policy as needed' to bring down inflation, including by speeding up interest rate hikes if necessary. Treasury yields added to earlier gains across the curve, and the benchmark 10-year yield rose to near 2.3%."

 

[Millionaire]

Fed raising rates 7 times is about as likely as 75% of ET becoming trading millionaires by the end of the year.

lol, how things have changed since just March this year.

Not only 7 hikes, but 7 big hikes.