Fed Hikes Rates 25bps, Maintains QT, Removes Hawkish Guidance: ZH

A lot has changed since The Fed last met on February 1st and decided to hike 25bps. Between Powell’s hawkish hearings with Congress and the dovish-inference of a global financial system crisis, the market’s expectations for The Fed’s actions today have swung wildly – but ironically, are basically unchanged since the Feb 1st meeting.

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