Why the stock market shook off a ‘Jekyll and Hyde’ Fed meeting

Breaking News

Stocks ended the day flat on Wednesday, belying a volatile session that saw big swings as investors digested the Fed’s decision to leave rates on hold while signaling significantly more tightening than market participants expected remains in the pipeline.

“It was a bit of a Jekyll and Hyde meeting, as the Fed delivered the first pause of this tightening cycle while at the same time keeping the door wide open for up to two additional hikes this year,” said Jim Smigiel, chief investment officer at SEI, in emailed comments.

Original Post

Articles You May Like

From Grandma’s Basement To A $5B Empire: Under Armour Founder Shares Inspiring Journey That Made Him A Billionaire In His 30s
Fed’s Waller says economy may be slowing enough to tame inflation. Bowman still thinks higher interest rates are needed.
Shopify, Etsy, Wayfair rally after record Black Friday spending online
How to Sell Stock on Etoro – PLUS Top Tips for Closing Trades
I Made $400k Last Year and Have $600k in Retirement Savings, But My Spouse Doesn’t Work. How Can I Save More for Retirement?

Leave a Reply

Your email address will not be published. Required fields are marked *