Axiory Market Commentary With Tomasz Wisniewski | July 28

In today’s Market Commentary Tomasz takes a look at the Federal Reserve’s decision on Wednesday to enact its second consecutive 0.75 percentage point interest rate increase. That takes its benchmark rate to a range of 2.25%-2.5%, its highest level since December 2018. Powell said he doesn’t think the economy is in #recession, though growth was negative in the first quarter and was expected to be barely positive in the second quarter.