Fed To Consider Additional Firming To Curb Inflation

The markets love certainty and when the Fed was projected to raise 25 basis points they did, notes Mario Veneroso. He discusses how the Fed raises the benchmark rate to 25 BPS to 5.25%-5.5% target range. He talks about how since this announcement was made, the market went slightly higher. He goes over how the Fed will consider the extent of additional firming to curb inflation. He also looks at homebuilders including Lennar (LEN), D.R. Horton (DHI), KB Home (KBH), Toll Brothers (TOL), and Pulte Group (PHM) and payment stocks such as American Express (AXP), Mastercard (MA), Visa (V), PayPal (PYPL), and Block (SQ). Tune in to find out more about the stock market today.