Rise and shine Traderade Family
We had quite the excitement with the Fed meeting yesterday and the markets don’t seem to be too happy this morning. Well, Chair Powell did want the monetary restraint to reflect in the financial conditions and perhaps the market is listening.
He also said their projections reflect no rate cuts for 2023 and a pause at the Federal Funds Rate of 5% to 5.25%. Mayhem and I did a live brief chat on Discord after the press conference discussing the implications for the market.