Prices
Dow jumps 500 points in relief rally after Fed announces first rate hike since 2018
Stocks rallied in a wild session after the Federal Reserve raised rates and said it would hike another six times this year. The Dow Jones Industrial Average rose 518.76 points, or 1.5%, to 34,063.10 after turning red initially following the release of the Fed’s statement. It swung within a 576-point range on the session. The […]
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BlackRock’s Rieder sees more downside in the short term and is holding more cash than usual
BlackRock’s Rick Rieder said stocks still have a ways to fall in a period of uncertainty, but they should be higher at the end of the year. Source
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Here’s everything the Federal Reserve is expected to do at its meeting this week
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, March 2, 2022. Stefani Reynolds | AFP | Getty Images The Federal Reserve this week faces the monumental challenge of starting to undo its massive economic help at a time when conditions are […]
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