75 basis point increase (0.75%) bringing the top end of the Fed Funds Rate at 4%.
Jerome Powell signalled that rates will end up being higher than anticipated and will remain there for longer.
Markets loved the statement which suggested that future rate hikes would not be 75 basis points.
Risk assets have performed poorly now and historically when interest rates rise.
Watch the balance sheet of the Fed and other central banks very carefully to determine the direction of the stock market.
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TOPICS AND TIMESTAMPS:
The Fed Did It! 0:00
What Is The Impact? 4:59
What Will Happen To Stocks? 11:27
Summary and Solutions 13:22
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