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FOMC hikes rates just 25 basis points.
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BOE hikes rates 50 basis points, ECB is up next!
Good Day… And a Tub Thumpin’ Thursday to one and all! Well, that was a wild ride on Mr. Toad’s ride yesterday… I’ll get to that in a minute… First of all I have to point out that yesterday was a real Chamber of Commerce day here in S. Florida, the weather was warm, the skies were blue, the sun shone brightly, and a mild sea breeze blew over you to keep it from getting too hot… These are the days that people come to S. Florida for in the winter… Like all those crazy New Yorkers that are moving here to escape the high taxes in their home state! Well, looky here… I’ve got Lover Boy and the headbands greeting me this morning, with their song: Turn Me Loose…
The FOMC hiked rates 25 Basis Points yesterday… CNBC is on the docket with their view of what Jerome Powell, Chairman of the Fed/ Caba/ Cartel, has to say after the 25 Basis Points rate hike announcement:
“Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate.
Echoing recent statements from other central bank officials and comments at the November Fed meeting, Powell said he sees the central bank in position to reduce the size of rate hikes as soon as next month.
But he cautioned that monetary policy is likely to stay restrictive for…
