Here it is: raised 50 bp.
- 4.25 - 4.50%.
Outlook: hawkish.
- will go above 5%
- that's higher than previously telegraphed
- and, higher for longer
Dow:
- just prior to the announcement: Dow was up 80 points
- now: trending down; flat to very, very slightly positive
- five minutes later: Dow goes negative
WTI:
- up 2.85%
- up $2.15
- trading at: $77.54
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