Interest Rate Market Update: May Fed Meeting

Financial

May 4, 2022 FOMC Meeting Results 50 bp rate hike Federal Funds target range increased from 0.25%-0.50% to 0.75%-1.00% It was a unanimous vote from all members to increase rates by 50 bps Markets had this fully priced in, and it came in as expected Expect SOFR to increase to roughly 0.80% tomorrow This is…

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