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So the Fed raised policy rates 25 bps: this tightening regime should not last very long

So the Fed raised rates 25bps, an outcome that was pre-ordained as long as a week ago, after the February jobs data exceeded expectations and following a round of Fed speak in the week prior to the blackout period. The only drama left of the FOMC meeting was what signal the Fed sends with the statement, the nuances expressed during the press conference, and the rearrangement of the so-called “SEP dots.”

...Extract from the March Capital Observer, a DC&C publication featuring MJT’s timing methodology

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