>panic selling going on
Not even close
Watch the day traders who jumped on the short bus this morning get annihilated when powell starts talking
Step one: 25bp raise chek't…step 2: Jerry talks the markets up at press conference at 2:30PM EST and usually the first move (that drop right prior to release going on now) is the false one
Federal Reserve issues FOMC statement-25bp raise
Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation has eased somewhat but remains elevated.
Russia's war against Ukraine is causing tremendous human and economic hardship and is contributing to elevated global uncertainty. The Committee is highly attentive to inflation risks.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 4-1/2 to 4-3/4 percent. The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time. In determining the extent of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to returning inflation to its 2 percent objective.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lael Brainard; Lisa D. Cook; Austan D. Goolsbee; Patrick Harker; Philip N. Jefferson; Neel Kashkari; Lorie K. Logan; and Christopher J. Waller
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230201a.htm
25bp at next meeting on March 22
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
let's see who ponies up the ACs first-cause someone will
TheY said no to the tanks at first too
>>18265899, >>18265872 Federal Reserve issues FOMC statement-25bp raise and then same at next on March 22nd 2023
they'll stop-the derivatives shit pile is what is driving this-that has a breaking point
Or create a crisis to take them off-not serious to begin with or they'd do 1% at a pop-problem is that anyone under the age of 30 thinks these are "big moves"
Big moves are late 70's Volcker style (and ket then in double digit range until 1985.
>stymied and wondering what to do
Wait until he starts yapping cause they love to sky it when he talks cause it gibs "CON"fidence
no matter wuth it does it's all on low/shit volume so they really can take it anywhere theY want to at this point.
>>18260196 pb FOMC action higher
>>18265762, >>18265850, >>18265872
>Watch the day traders who jumped on the short bus this morning get annihilated when powell starts talking
BWAHAHAHAHAHAHA!!
Fuckin' classic
not on N757AF 757 that still shows at PBI from it's 0129 rally @ Columbia SC
>>18114407 pb Blackstone’s Spasov Departs, Joining Slew of Hedge Fund Exits
>>18236175 pb Blackstone President Says BREIT Still Has "Backlog" Of Redemption Requests
>>18265850, >>18265872, >>18265762, >>18265991 Federal Reserve issues FOMC statement-25bp raise