PVG Market In A Minute - August 2, 2022
- PVG Admin
- August 2, 2022
As we all know, the Fed raised rates by .75% last week. The important part of the announcement was they mentioned they would now be following the data between now and their September meeting. Also, Powell made two other points, that they will likely slow the pace of tightening and that the current Fed Funds rate was now likely in a neutral stance.