Dear readers, the Federal Reserve raised interest rates again yesterday by another 0.75 percentage points. But what seems more noteworthy to investors was Federal Reserve Chairman Jerome Powell’s comment that there will be a point where the Federal Reserve would start to slow hikes to assess their impacts.
Jerome Powell’s comments sent US stocks markets up:
Dow Jones was up by 1.37%
S&P 500 headed north by 2.62%
NASDAQ Composite climbed 4.06%
I think yesterday’s showing of the US stock markets is a boost for investors but I would tend to think that the current financial and stock markets are more volatile than before and it would just be a matter of time before investors see another significant southing of global stock markets.
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