The Fed raised rates by 25 bps. The decision was unanimous. The terminal rate projection is unchanged at 5.1%. The FOMC statement modifies guidance: “The committee anticipates that some additional policy firming may be appropriate.” My first tweet @marketminute this morning before the market opened: @marketminute: I feel pretty certain Powell goes 25. Announces theyre willing to keep raising at that rate as jobs strong, economy ok & banks arent in a credit crisis. However, as data dependent, they could change course accordingly. $SPY remains in a trading range. Until next fracture appears And then there’s $sugar looking like it’s about […]