Published 2 years ago

Dow rallies 900 points as investors bet the Fed can slow inflation without causing a recession

Summary by Ground News

U.S. stocks closed sharply higher Wednesday, jumping as Federal Reserve Chair Jerome Powell delivered remarks. The Fed raised its benchmark interest rate by a half point, as expected, to a range of 0.75% to 1%. The Dow saw its biggest daily gain since November 2020, according to Dow Jones Market Data.

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Reuters

Wall Street closes with sharp gains after Fed's interest rate hike

U.S. stocks ended sharply higher on Wednesday after the Federal Reserve delivered a widely expected interest-rate hike, and the S&P 500 recorded its biggest one-day percentage gain in nearly two years.

2 years ago·United Kingdom

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CNN

Manchin says inflation — not abortion — will be driving factor in midterms; says he’s going back through his notes to see if Kavanaugh told truth

Sen. Joe Manchin acknowledged that voters’ perceptions of the economy are dropping and argued that inflation — not abortion — will be the driving force in the midterm election, even as his own party is rallying against the leaked Supreme Court draft suggesting Roe v. Wade will be overturned as a defining issue.

2 years ago·Atlanta, United States

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New York Post

Dow soars over 900 points as investors cheer Fed’s rate hike

The Dow jumped more than 900 points after staging a late rally on Wednesday after the Federal Reserve announced its widely expected interest-rate hike, the biggest rate increase since 2000.

2 years ago·New York, United States

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CNBC

Dow rallies 900 points as investors bet the Fed can slow inflation without causing a recession

Stocks surged as investors digested the Federal Reserve's big interest rate decision on Wednesday.

2 years ago·United States

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The Hill

Stocks roar after Fed shies away from 75 basis point hike

U.S. stocks had their best day since May 2020 after Federal Reserve Chair Jerome Powell reassured investors that nothing larger than a 50 basis point rate hike was being considered to rein in infla…

2 years ago·Washington, United States

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Sputnik News [🇷🇺-affiliated]

Dow Jones Skyrockets 900-Plus Points After Federal Reserve Announces Interest Rate Hike

Earlier Wednesday, Federal Reserve Chair Jerome Powell appeared to downplay the central bank's decision to raise its key interest rate by 50 points--two times the usual amount. While the move amounted to the biggest interest rate hike...

2 years ago·Russian Federation

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Dow rallies 900 points as investors bet the Fed can slow inflation without causing a recession

0 Articles

0 Articles

Wall Street closes with sharp gains after Fed's interest rate hike

Wall Street closes with sharp gains after Fed's interest rate hike

Manchin says inflation — not abortion — will be driving factor in midterms; says he’s going back through his notes to see if Kavanaugh told truth

Manchin says inflation — not abortion — will be driving factor in midterms; says he’s going back through his notes to see if Kavanaugh told truth

Dow soars over 900 points as investors cheer Fed’s rate hike

Dow soars over 900 points as investors cheer Fed’s rate hike

Dow rallies 900 points as investors bet the Fed can slow inflation without causing a recession

Dow rallies 900 points as investors bet the Fed can slow inflation without causing a recession

Stocks roar after Fed shies away from 75 basis point hike

Stocks roar after Fed shies away from 75 basis point hike

Dow Jones Skyrockets 900-Plus Points After Federal Reserve Announces Interest Rate Hike

Dow Jones Skyrockets 900-Plus Points After Federal Reserve Announces Interest Rate Hike

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