Fed Says No Recession Likely

After increasing rates by another 25 basis points this week, Federal Reserve chair Jerome Powell disclosed that the US central bank does not believe a recession is imminent this year. This means the past rate hikes have been effective despite inflation still above the 2% target. Tim Mulholland, President of TJM Limited, Chicago breaks down the reaction so far from equities to commodities and the factors behind it.Image by: ShutterstockSee omnystudio.com/listener for privacy information.