Nice ending on Wall Street today. Feds raised the rate by 0.5 that was mostly expected and Federal Reserve chairman mentioned that 0.75 rate hike was not on table for discussion right now. Markets seemed to have like this and there was a healthy rally. I appreciate how transparent Federal Reserve is with respect to rate hikes as it helps putting a probability on certain outcomes related to interest rates. Quarterly results from AMD, Starbucks might have added positivity to market sentiment. Let's see how this week ends.
On the SPOT blog (05/04/2022) [T..]
Updated: Aug 31, 2022