Economic Risk

Stock Market

Dow drops 1,000 after Fed’s Powell says rates will stay high – Associated Press

The Dow Jones Industrial Average sank more than 1,000 points Friday after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease up on high interest rates in its effort to tame inflation. The S&P 500 lost 3.4%, its biggest drop since mid-June, after Jerome Powell said the Fed will

Financial

Powell reinforces expectations of sharp rate hike next month

The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said Thursday, signaling that sharp interest rate increases are likely in the coming months, beginning at the Fed’s next policy meeting in May. In a panel discussion held by the International Monetary Fund during its

Dow drops 1,000 after Fed’s Powell says rates will stay high – Associated Press

Powell reinforces expectations of sharp rate hike next month

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