Tag: lunar eclipse

(3 May 2023) As expected, the Fed hiked interest rates another 25 basis points today as part of their ongoing effort to curb inflation.  While Fed Chair Jerome Powell acknowledged the possibility of pausing the tightening cycle in June if it was warranted by the data, he remained somewhat non-committal about the direction of interest rates for the rest of the year.  While mere mention of a possible pause was welcome news to investors, the market eventually sold off late this afternoon as the uncertainty surrounding the Fed's future...