On the SPOT blog (11/23/2022) [D..]
- Salyl Bhagwat
- Nov 23, 2022
- 2 min read
FOMC's November meeting minutes that were released today was most likely the focus for investors today. It suggested that Feds will "soon" slow the pace of rate hikes as majority of policymakers seemed to see it as appropriate. Next FOMC meeting is on December 13-14 so we'll likely see < 0.75% rate hike on December 14th. This news apparently lifted all three major US indices to finish the day in "clear" green.