In this episode, I break down the most recent interest rate change by the US Federal Reserve.
Jerome Powell was at it again and shook the stock market after an initial upswing when a 0.75 basis point rate hike was announced.
Powell's comments from the follow-up press conference did not mention any easing off of stepping back to assess the economy after a slew of rate hikes in 2022.
Leaving the door open for another 0.75-point interest rate hike in December.
The stock market did not like that, immediately selling off once the hawkish stance was confirmed.
Listen to the full episode to understand what you need to key in on at the December interest rate meeting and how investors can use this news moving forward.
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