Stocks drift on Wall Street following smaller Fed rate hike dailyindependent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyindependent.com Daily Mail and Mail on Sunday newspapers.
Wall Street rose to its highest level since the summer following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early 1% loss Wednesday to rise 1%. The Nasdaq jumped 2% and the Dow ended barely higher. As expected, the Fed raised its benchmark rate by 0.25 percentage points to its highest level since late 2007. It’s the smallest increase in the Fed’s blizzard of rate hikes since March. The Fed's chair said more increases are likely needed, but he also said the disinflationary process has started.
Wall Street rose to its best level since the summer following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early 1% loss Wednesday to rise 1%. As expected, the Fed raised its benchmark rate by a quarter of a percentage point to its highest level since late 2007. It’s the smallest increase in the Fed’s blizzard of rate hikes since March. The Fed's chair said more increases are likely needed, but he also said the disinflationary process has started.
Stocks jump higher as Fed sees progress against inflation wtmj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtmj.com Daily Mail and Mail on Sunday newspapers.
Stocks drift on Wall Street following smaller Fed rate hike thereminder.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thereminder.ca Daily Mail and Mail on Sunday newspapers.