July Fed Meeting Results

Financial, Lumber Futures

The Fed hikes by 75 basis-points Unanimous vote to hike the Federal Funds rate to a range of 2.25% – 2.50% Fed repeats “ongoing rate increases likely will be appropriate” yet Powell caveats the statement in the press conference that another 75 basis-point hike will depend on the economic data Nothing changed on QT, balance-sheet…

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