OTCQB:UEXCF - Post by User
Comment by
invest4funon Jan 26, 2022 4:40pm
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Post# 34364162
RE:An open Question
RE:An open QuestionGSTbay1060 wrote: So keeping interest rates unchanged is a bad thing? ... I am missing something.. Could one of our wiser posters please explain why the sector has reacted so poorly?
I suspect markets were hoping to hear that there would be no interest rate increases this year (silly concept). They got confirmation that there will be and no indication of the ceiling or timing...
When asked whether a half-percentage point increase would be possible, Powell refused to commit either way.
"It is not possible to predict with much confidence exactly what path for our policy rate is going to prove appropriate," he said, stressing that the central bank needed to be flexible and adaptable in its approach.
... from CNN