FOMC 75 bp Hike As Expected

2:21 p.m. ET The Fed hiked by 75 bp and said that ongoing increases will be appropriate. The decision was unanimous, unlike the dissent by George at the last meeting. This may be the first back-to-back 75 bo hike since at least the early 1980’s. – Downgrade to economy, sees “softness” in spending and production;…