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June 15, 2022

As expected, the Fed increased interest rates by 75 basis points. This rate hike is intended to help curb the inflation rate we are all experiencing due to the high spending of the current administration. Today's hike was the largest in 28 years. After today's announcement, Fed Chairman, Jerome Powell, addressed the media stating that 50 and 75 basis point hikes will be the norm until inflation is under control.

Our traders saw an excellent opportunity to open a trade this morning. It expired at the closing bell and pulled in another 3.1% return for our subscribers. That's our 3rd winning trade for the month, bringing the current return for June to 9.3%.

Enjoy the rest of the week!