U.S. stocks cling to gains as Fed minutes show most officials favored 25 basis point hike

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22 Feb 2023 0 shares 1 views

U.S. stocks cling to gains as Fed minutes show most officials favored 25 basis point hike

Upworthy

Published 22 Feb 2023

U.S. stocks whipsawed but remained in the green on Wednesday after minutes from the Federal Reserve’s February meeting showed most officials supported a 25 basis point rate hike. The S&P 500 SPX, was up 18 points, or 0.5%, to 4,012. The Dow Jones Industrial Average DJIA, rose 63 points, or 0.2%,…

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Fed policymakers were nearly unanimous about a 25 basis points rate hike just weeks ago. But the inflation picture has become a lot more daunting

Nearly all Federal Reserve policymakers agreed earlier this month to slow the pace of their rate increases to a quarter-point, with..

Upworthy 22 Feb 2023

U.S. stocks cling to gains as Fed minutes show most officials favored 25 basis point hike

U.S. stocks cling to gains as Fed minutes show most officials favored 25 basis point hike

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Fed policymakers were nearly unanimous about a 25 basis points rate hike just weeks ago. But the inflation picture has become a lot more daunting

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