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Archives for February 2023
Well, it’s Groundhog Day…again. (Great movie)
Yesterday was another day where we got a Fed announcement and a rate hike. For the last year, Fed announcement days have kind of felt like Groundhog’s Day. Rate hike, market down. Rate hike, market down. Repeat. However, that cycle MAY be coming to a close.
Here’s what I’ve been reading this morning:
We’re into the second month of 2023, and right off the bat we have a relatively important day for the market and economy as a whole. Today we’ll find out how much the Fed will hike rates once again. After a full year of this, you’d think people would react a little better, but that remains to be seen.