Baytex Energy Corp T.BTE

CNBC - Fed raises rates half a percentage point-as expected

[BayStreetWolfTO]

As expected...waiting for the tone

https://www.cnbc.com/2022/05/04/fed-raises-rates-by-half-a-percentage-point-the-biggest-hike-in-two-decades-to-fight-inflation.html

Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation

[BayStreetWolfTO]

Noted Q1 softness and watching China. DOW and NASDAQ green. "Wednesday’s statement noted that economic activity “edged down in the first quarter” but noted that “household spending and business fixed investment remained strong.” Inflation “remains elevated,” the statement said.   Finally, the statement addressed the Covid outbreak in China and the government’s attempts to address

[Eigen337]

This post has been removed in accordance with Community Policy

[BayStreetWolfTO]

Maybe talk? DOW green....interesting isn't it. It's all in the wording

[Snowballer]

Yes hopefully jawboning with epected 50 point hike max this time.  Maybe one or two more 25 point hikes will do the trick. But hopefully it's more talk than anything.

[BayStreetWolfTO]

I think you are right Snow

[Cobalt]

Nope not going happen 1 more 50 maybe 2 , they will talk more hawkish  but after 2 more they will chill

[masfortuna]

They said they want to bring it to 3%. So plan accordingly.

[BayStreetWolfTO]

I would think 2 more 25...they also need to be mindful of the economy. They can't afford anymore blunders into the midterms