Over the last couple of days, market participants have been analyzing and absorbing recent statements and actions initiated by the Fed at the conclusion of this month’s FOMC policy meeting.

There’s a new Sheriff in town, spreading hawkish sentiment wherever she goes.

As anticipated, at the conclusion of today’s FOMC policy meeting, the Federal Reserve announced that they would raise interest rates by 25 basis points (¼%) to take the Fed funds rate effectively between 1 and 1¼%.