Tag: stock prices

BUSINESS

The Fed Up The Ante In Interest Rate

The Fed agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday. This move is the most significant interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices. The Federal Reserve said it would increase its benchmark rate by three-quarters of a percentage point, pushing its target […]

BUSINESS

S&P 500 Suffers Meltdown

Although U.S. stock prices ended higher on Friday, losses continue as investors wrestle whether or not the Feds can arrest inflation without creating great vagaries in the economy. According to Market Watch, the Dow Jones Industrial Average fell for a seventh straight week, its longest losing streak since July 2001, based on Dow Jones Market Data. The Dow Jones Industrial […]