Stocks fall following Fed rate hike
The Federal Reserve did exactly what the market was expecting. It raised interest rates by a half-point to 4.5%. Stocks were solidly higher all day before the Fed announcement. But investors then sold the news.
Traders may be disappointed by the fact that the Fed is also sounding more negative about the economy. The central bank's new economic forecasts call for slower growth in gross domestic product (GDP) next year...just 0.5%. The Fed also lifted its forecasts for both the unemployment rate and inflation. Can you say stagflation?
Making matters worse?
The Fed clearly isn't done raising rates yet. The so-called dot plots show that central bankers have a median forecast of 5.1% for its fed funds rate at the end of 2023.
The Dow fell nearly 100 points, or 0.3%, after the Fed announcement.
The S&P 500 slipped 0.4%.
The Nasdaq Composite was down 0.6%.
Source : CNN
It is only a veil
Sometimes I believe, it's just a game-move. So called government is also involved.
A move to buy back in cheap after selling high.
Game move is the word
It’s all FUD. It Happens every day. Especially here on Blurt … which makes every day a great opportunity to buy tons and tons of Blurt for almost nothing on Ionomy.
I love all the negative Blurt FUD posts. These are awesome.
The idiots sell their blurt for nothing and I scoop it up for an easy 100 % profit
Fud yes !