May Private Client Letter - Sell in May and Go Away?

May Private Client Letter - Sell in May and Go Away?

The Federal Reserve and Chairman Jerome Powell will hold its latest policy meeting on Wednesday, May 3rd.  The central bank is largely expected to deliver on another 25-basis point hike to the Fed Funds rate, bringing the benchmark rate to a range of 5.00% - 5.25%.   This would mark the 10th straight rate hike this cycle and take the Fed Funds rate to its highest level since 2007.  

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