Fear Not, It is I

Before the FOMC meeting, most people expect the interest rate hike to 75 basepoints, the greatest since 1994. After the interest rate announcement, DJIA dropped a little. The actual focus of the market is on the next meeting of July, just see how the Fed would face it. Powell faced the challenges of different journalists, basically all the questions that the market was concerned most were raised by them. How does Powell react? Somewhat like Jesus Christ walked on water among the storm and said: “FEAR NOT, IT IS I !” He would bring a soft landing to America.Before the conference, the market expected rate hike in July will also be 75 basepoints, the chance is nearly 100%, but the reply of Powell is that from 50 to 75 basepoints which considered dovish. DJIA rose from the low.

Fear Not, It is I

US Stock Express 6

Before the FOMC meeting, most people expect the interest rate hike to 75 basepoints, the greatest since 1994. After the interest rate announcement, DJIA dropped a little. The actual focus of the market is on the next meeting of July, just see how the Fed would face it. Powell faced the challenges of different journalists, basically all the questions that the market was concerned most were raised by them. How does Powell react? Somewhat like Jesus Christ walked on water among the storm and said: “FEAR NOT, IT IS I !” He would bring a soft landing to America.

Before the conference, the market expected rate hike in July will also be 75 basepoints, the chance is nearly 100%, but the reply of Powell is that from 50 to 75 basepoints which considered dovish. DJIA rose from the low.

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