Day: November 2, 2022

U.S. TREASURY TWO-YEAR YIELDS DOWN 7 BPS, AT 4.4722% AFTER FED DECISION

U.S. FED INTEREST RATE DECISION ACTUAL: 4.00% VS 3.25% PREVIOUS; EST 4.00%

FOMC RATE STATEMENT https://t.co/EizcUR4TjA

*Fed Says It Will Take Cumulative Tightening, Lags into Account

Fed Raises Benchmark Rate 75 Bps to 3.75%-4% Target Range

*Fed: Need Ongoing Hikes until Rates `Sufficiently Restrictive’

FOMC: Voted 12-0 For Fed Funds Rate Action

Fed Hints at Possible Slower Pace of Rate Increases

WHITE HOUSE: FED IS INDEPENDENT, BIDEN BELIEVES IT HAS BEST MONETARY POLICIES TO ADDRESS INFLATION