Liftoff: Federal Reserve hikes rates by 25 basis points in first hike since 2018

• Rates were cut to a range of 0.00-0.25% at the onset of the pandemic
• Regarding the war in Ukraine, said 'The implications for the U.S. economy are highly uncertain, but in the near term the invasion and related events are likely to create additional upward pressure on inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and weigh on economic activity.'
• Indicators of economic activity and employment have continued to strengthen
• The Committee expects to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities at a coming meeting
• The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals

The rate hike was priced in but the surprise is 7 hikes in the dot plot. The market is priced for that but the market usually runs ahead of the Fed and the talk ahead of time was 5 hikes.