Data Dependent Fed Raising Stock Market Today?

<p>The stock market today was higher following the Federal Reserves' 75 BPS rate hike. "The stock market is data dependent. Jerome Powell stated that they will be data dependent moving forward. The stock market today is still expecting a 50 BPS interest rate during the next meeting," says Dan Deming. Deming weighs in on the big adjustment in the yield curve and the pricing structure within the treasury market.</p><p><br></p>