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Fed Chair Powell and ECB President Draghi send Hawkish Messages

Fed Chair Powell and ECB President Draghi send Hawkish Messages

9 Months ago | September 30, 2018 00:00:00

John M. Bland, MBA, co-founder, Global-View.com


Fed Hikes Fed Funds Target Range By 25bps, As Expected On Wednesday, the Fed raised its Fed Funds target by 25bps to 2.00%-2.25% as the markets had fully priced in. This was a quarterly FOMC meeting, so it included a press conference with Fed Chair Powell. Also, the central bank has fallen into a pattern of changing interest rates only at the quarterly meetings. I suspect that this pattern could change some time soon. Chair Powell was upbeat on the economy. He said that the economy is strong, and that inflation is stable and that overall, the growth outlook re

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