This was the most probable outcome. Hikes greater than or equal to 0.5 would be perceived as too hawkish. Powell knows this. If you thought the fed was gonna d

This was the most probable outcome. Hikes greater than or equal to 0.5 would be perceived as too hawkish. Powell knows this. If you thought the fed was gonna drop rates, there's a good chance you live in an echo chamber of wealthy private investors.