2Feb23

01/02/2023 5 min
2Feb23

Episode Synopsis

The US Federal Reserve raised its policy rate by 25bp to 4.6%, as was expected, and signalled “a couple more rate hikes” before pausing. Bond yields and the US dollar fell in response, while the S&P500 pared earlier losses to be up 0.8%. Prior to the Fed decision, US economic data was mixed, leaving equities, bond yields and the US dollar slightly lower.

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