FED hikes .75 basis points and signals smaller hikes to follow if needed. Latest jobs report led to the current .75 bump upward.
WSJ, NY Post
Not exactly good reporting. His comments were far from dovish and he did NOT say smaller hikes as needed. Could very well be a continued .75% push into the future. He didn’t tip his hand one way or another which is why the market tanked in the last hour of trading. Had he said “smaller hikes to follow” as you wrongly state then I suspect the market wouldn’t have went “red”.
