MARKET DAILY

FOMC Summary: FED hikes 0.25% as forecasted, signals pivot at the end of 2023

Powell officially announces that inflation has begun entering the disinflation phase while the economy may avoid a recession

The market had a strong rally in the second half of this afternoon's trading session after the very encouraging dovish signals in Jerome Powell's press conference.

Summary of key points:

FED raises base interest rate by another 0.25% as the market expected

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