Subscribe To
Fed React: Stocks slump on Hawkish FOMC statement, Dollar pares losses, Delta, Oil rises, Gold down post-Fed, Cryptos pare gains
US stocks tumbled after the Fed downshifted to a half-point rate hike pace but signaled ‘ongoing increases’ will be appropriate to combat inflation. Risk aversion roared back and that helped the dollar pare earlier losses. FOMC The Fed delivered a well-telegraphed half-point rate rise to its short-term borrowing rate, bringing the target range to 4.25%-4.50%. […]...
Read More
Posted: Dec 14 2022, 19:39
Author Name: marketpulse
Views: 102287