Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
By Staff Reporters
***
***
Markets: Stocks soared yesterday after the Fed said it was hiking interest rates by 75 basis points (its fourth rate hike this year) in order to stamp out inflation. Another rate increase could be on its way this fall, Fed Chair Jerome Powell said, depending on the economic data. Powell also rejected claims that the US was currently in a recession.
The DJIA rallied 400 points as Powell hinted the Fed could slow the pace of rate hikes, and the NASDAQ jumped 4%.
- Prices for goods in the U.S. are expected to continue rising through 2023. The Federal Reserve [FOMC] waited too long to respond to early signals of inflation. The central bank is correcting the course by raising its interest rate targets at the fastest pace in more than two decades.
Meta, the company formerly known as Facebook, reported a 1 percent decline in quarterly revenue from the previous year. It was the first time the social media giant’s revenue had fallen since it went public a decade ago, as it confronts increased regulatory scrutiny and a turbulent economy while trying to build a new frontier of digital communication.
CITE: https://www.r2library.com/Resource/Title/08261
***
***
COMMENTS APPRECIATED
Thank You
****
Share this:
Filed under: Alerts Sign-Up, Glossary Terms, iMBA, Inc., Investing | Tagged: DJIA, Facebook, FB, Meta, NASDAQ, S&P 500 |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Leave a Reply