Current Events > Interest rate hikes paused.

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Cocytus
09/20/23 2:47:24 PM
#1:


https://www.cnn.com/business/live-news/markets-fed-meeting-september/index.html

  • US stocks were mostly unchanged Wednesday as traders parsed a key rate announcement from the Federal Reserve that indicated at least one more hike this year.
  • The central bank opted to hold rates steady for now as it takes a beat to review the state of the economy.
  • Wall Street investors are listening closely to Fed Chair Jerome Powell's press conference.
  • The central bank last raised rates in July, the 11th rate hike since March 2022, as part of its aggressive campaign to bring down inflation.



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Tyranthraxus
09/20/23 3:04:50 PM
#2:


Rates fucking annihilated my portfolio

Edit: also
https://www.youtube.com/watch?v=hr0k0-08h3I

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