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Fed Post Hiking Meeting: Further Policy Firming May Be Needed.

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NEW YORK (AFX)-- U.S. stocks fell to session lows because the statement accompanying the Federal Reserve's decision to raise its key rate to 5% was "a little bit more hawkish," than expected, said Barry Hyman, equity market strategist at Ehrenkrantz King Nussbaum. "The one line that 'some further policy firming may be needed' is more hawkish than expected. They are showing themselves to be inflation fighters. I don't think it's one and done." Hyman said. "A fresh rate hike may still be on the cards in June."

At 5.25% there will be a .75% differential gainst the pound. Rarely have IR in the UK been lower than the US and the pound is moving in the opposite direction due to lower rates :blink:

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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