.#Fed hiked by 25 bps and Slightly weakened wording on future hikes Acknowledged the possibility of tighter credit conditions Kept end 2023 rate level and slightly increased next year's Revised up #inflation for this year. Markets like this while waiting for the press conference
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$SPY $SPX I posted this alert an hour before FED rate hikes. I KNEW what was coming out? HOW! I study and I do my research! This is what I teach! https://t.co/Fh55v3vPiv
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Our superstar producer, Katie Spencer, had her last day downtown at the NYSE today! Katie, thank you for your tireless work and dedication to the show. We will miss you so much, but we know that you will shine in your next endeavor! https://t.co/X3NZZUY02c
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The good news for Powell: He's made this press conference pretty boring. Success.
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Re reaction to #Fed's 25 bps hike: Higher bond prices accompanying stocks (yield table below) confirm the market message post-@ECB last Thursday--namely, that the markets like #CentralBanks focusing rates on the #inflation battle and deploying other tools for financial stability. https://t.co/mmSR5ajTta
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Is a credit crunch worth 150bps? that's what we have to think about
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I’m a very humble person, so when I say I AM THE GREATEST STOCK TRADER ON TWITTER. Know that comes from the bottom of my heart.
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.#Fed Chair #Powell's statement started with remarks on the underlying strength of the US banking system (though with no treatment of the central bank's supervisory slippages on SVB). The statement has now shifted to the economic outlook and the policy implications. #EconTwitter
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Billionaire philanthropist MacKenzie Scott has issued her first-ever “open call,” inviting 250 nonprofits to apply for funding. Scott says she’s looking to give $1 million each to small community-focused nonprofits. https://t.co/0givqxr4F4
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Now we need to wait for a new round of market discovery. And set ups to form.
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You know when you're looking at a car or buy a car and then all you see is that same car each time you're driving? Now, all I see is regional bank after regional bank lol. I can't unsee how many there are.
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"The process of getting #inflation back down has a long way to go and is likely to be bumpy." Chair #Powell
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