Fed Watch: The Waiting Is the Hardest Part
May 06, 2023 at 08:30 AM EDT
By Kevin Flanagan, Head of Fixed Income Strategy In what was a widely expected outcome, the Fed raised the Fed Funds Rate by another quarter point today. The “new” Fed Funds trading range now stands at 5%–5.25%, its highest level since 2007. Now comes the hard part…waiting for what comes next from Powell & Co. With an astonishing 500 basis points (bps) in rate [...] The post Fed Watch: The Waiting Is the Hardest Part appeared first on ETF Trends .
