12-month rate of 5.4% beats market expectation of 4.9%.
This month the Fed surprised by moving its dot plot for 2023 to include two rate hikes - a hawkish divergence from the one rate hike that markets were expecting would be signalled.
While some thrive others are grappling
Most Q1 IPOs since 2007
The company ticker is now ABDN
The stock market is not irrational, it is mimetic.