These 2 Words From Fed Chair Kevin Warsh Sunk the Dow, S&P 500, and Nasdaq, and Put Wall Street on Notice
The battle against persistently elevated inflation is just getting started.
Overview
Today, Sept. 16, is the day Wall Street professionals and retail investors have had circled on their calendar for weeks: Federal Open Market Committee (FOMC) decision day on interest rates.
Leading up to the September FOMC meeting, prediction markets all but assured investors that an interest rate hike was expected. The questions to be answered were:
Fed Chair Kevin Warsh just shook Wall Street with two words. Image source: Official Federal Reserve Photo.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.