BUL - Fed Doubles Down On Fight Against Inflation With 0.75% Rate Hike

• The Fed's move wasn't entirely surprising, after markets were tipped off by a Wall Street Journal story late Monday indicating that a 75 basis-point (bps) hike was likely.
• At the press conference, Chairman Powell commented that by the end of 2022, the central bank intends to raise its policy rate to a modestly restrictive level, which it believes is between 3.0% and 3.5%— effectively what the dot plots revealed.
• Going forward, we believe maintaining investment discipline—by staying invested and sticking to your plan—will be of crucial importance.

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