Federal Reserve United on .50 Rate Increase
Federal Reserve United on .50 Rate Increase

A Bloomberg newsletter said:

Consensus, mostly. Fed officials largely endorsed the need for 50-bp hikes over the next couple of meetings, saying it would give the central bank flexibility afterward, this month's FOMC minutes show. There was some disagreement over inflation, but unanimity that prices are too high and the labor market too tight. Stocks climbed.

The stock market loves the gutless doves on the Fed. When one of the Fed members even mentioned the possibility of a .75 rate increase, the market tanked briefly.

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