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US Stocks Sink as Fed Signals It Will Remain Aggressive

Started by Epoch-Times-Bot, Dec 15, 2022, 06:38 PM

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Epoch-Times-Bot

Dec 15, 2022, 06:38 PM
US Stocks Sink as Fed Signals It Will Remain Aggressive

Stocks tumbled on Wall Street and across European markets Thursday as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control.
The S&P 500 fell 2.5 percent, with more than 90 percent of stocks in the benchmark index closing in the red. The Dow Jones Industrial Average fell 2.2 percent and the Nasdaq composite lost 3.2 percent. The broad slide erased all the weekly gains for the major indexes.
European stocks fell sharply, with Germany's DAX dropping 3.3 percent.
The wave of selling came as central banks in Europe raised interest rates a day after the U.S. Federal Reserve hiked its key rate again, emphasizing that interest rates will need to go higher than previously expected in order to tame inflation....

Source: US Stocks Sink as Fed Signals It Will Remain Aggressive

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