The Ironwood Recap – Market Update – September 22, 2022

Ironwood Market Recap

Yesterday, as expected, the Fed raised their benchmark rate by 0.75%.  This move takes the rate to around 3%.  None of this was a surprise.  However the market reacted poorly because the Fed raised their guidance for the rate at year-end to be around 4.4% from a current 3-3.25%.  This implies two more large rate […]