market news live updates: Stocks tank after Fed hikes by 0.75%, Powell pushes back against pivot
Thu, 3 November 2022 at 4:02 am
U.S. stocks slid in volatile trading Wednesday afternoon following a move by the Federal Reserve to
raise its benchmark policy rate by 75 basis points for a fourth straight time, stand at 3.75%.
Comment: US is implementing historical new strategy and policy Increase interest rate not in tandem of Economy grow, instead is used to combat inflation. It is a test for faith of US Dollar, in short term will strengthen all economic figure. Important question is how long will it effect last? Grow will still continue on those country less reliance on US market, expected big reaping for smart investor in near future.
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