Wednesday, December 14, 2022

JPow: Here We Go -- December 14, 2022

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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