Wall Street closes sharply lower on 'hawkish' Fed
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Posted On: 01/06/2022 4:32:38 PM
Wall Street closes sharply lower on 'hawkish' Fed minutes
NEW YORK, Jan 5 (Reuters) - U.S. stocks ended down sharply on Wednesday after U.S. Federal Reserve meeting minutes signaled the central bank may have to raise interest rates sooner than expected.
The S&P 500 and Nasdaq quickly extended their declines after the minutes which investors viewed as more hawkish than they had feared. The Dow, which hit a record high earlier in the day, reversed course and also closed lower.
The minutes from the Fed's Dec. 14-15 policy meeting offered more details on the central bank's shift last month toward a tighter monetary policy to curb inflation. Policymakers said last month that the U.S. labor market was "very tight."
https://marketwirenews.com/news-releases/prog...36029.html
=================================================
See the Republicans have pushing Inflation since Sh + iT = Biden got in office
and it Finally took HOLD
NEW YORK, Jan 5 (Reuters) - U.S. stocks ended down sharply on Wednesday after U.S. Federal Reserve meeting minutes signaled the central bank may have to raise interest rates sooner than expected.
The S&P 500 and Nasdaq quickly extended their declines after the minutes which investors viewed as more hawkish than they had feared. The Dow, which hit a record high earlier in the day, reversed course and also closed lower.
The minutes from the Fed's Dec. 14-15 policy meeting offered more details on the central bank's shift last month toward a tighter monetary policy to curb inflation. Policymakers said last month that the U.S. labor market was "very tight."
https://marketwirenews.com/news-releases/prog...36029.html
=================================================
See the Republicans have pushing Inflation since Sh + iT = Biden got in office
and it Finally took HOLD
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