Asset Allocation Bi-Weekly – The FOMC Speaks

On May 4th, the FOMC announced its policy changes. The Fed moved its fed funds target by 50 bps, the fastest increase in 22 years; the last hike of this amount was in May 2000. In the press conference, Chair Powell scotched the notion of a greater than 50 bps rate hike. He did, however, [...] The...