Federal Reserve Hikes Rates by 50 bps - FOMC Presser to Follow - DailyFX

The Federal Reserve his here with the first 50 basis point rate hike since May of 2000 - which was followed a couple months later by the tech bust.

Federal Reserve, FOMC Talking Points:

• The Federal Reserve has announced their rate decision for the month of May, hiking rates by 50 basis points.
• This is the first 50 basis point h… [+6763 chars]
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