The stock market has responded positively after Fed Chair Powell took interest rate raises above 50 basis points off the table. This adds a level of comfort and reliability for investors who were concerned that the Federal Reserve has become too hawkish. It will be interesting to see if today's big bounce after Powell's remarks carry forward with more gains or is today just a head fake/short covering. What are your thoughts on the 50 basis point raise and Powell's speech?
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