![Food for Thought #16](/content/images/size/w30/2022/05/Daily-Crunch-Cover--16-.png)
Food for Thought #16
The week's most significant event was the FOMC decision to increase the Fed Funds Rate (“FFR”) by 50bps. Also, Powell said that 50bp increases in the FFR should be on the table at the next couple of meetings.
The week's most significant event was the FOMC decision to increase the Fed Funds Rate (“FFR”) by 50bps. Also, Powell said that 50bp increases in the FFR should be on the table at the next couple of meetings.
We believe this allowed newcomers and new products to emerge and threaten markets that — theoretically — were operating in a perfect competition environment.
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