Stocks slump on Wall Street as markets assess looming fallout from Fed's fight against inflation

"I've been in the markets for 25 years and I've never seen anything like this," said Danielle DiMartino Booth, CEO and chief strategist for Quill Intelligence, a Wall Street and Federal Reserve research firm."It's violent not just volatile."

DiMartino Booth thinks the massive drop only makes sense if you classify yesterday's surge as a melt-up"The markets were so poised to rally yesterday and there were probably a lot of people who were short and had to rush to cover, today is a backlash," she said. Even without future interest rate hikes of 75 basis points, quantitative tightening presents a threat to economic growth and to markets that have become used to accommodating Fed policy."There may be some pain associated with getting back to that, but the big pain is in not dealing with inflation and allowing it to become entrenched," Powell warned during his Wednesday afternoon press conference.

Joe and the Democrats working hard to wipe out everyone's retirement accounts.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Dow Plunges 900 Points, Tech Shares Crater As Stocks Erase Gains From Post-Fed RallyDespite a post-Fed rally a day earlier, the ongoing market sell-off continued with a vengeance on Thursday.
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »

As Dow sinks over 1,000 points, signs of panic-selling emerge in the stock marketPanic-like behavior was starting to set in on Wall Street on Thursday, at least from a technical perspective, as the Dow industrials shed all of the previous day’s gain, and then some. So predictable! All your future is belong to Renewables There's no panic. VIX is 30.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Stocks are tanking with the Dow down more than 1,000 pointsTSX was down almost 500 points and the Nasdaq dropped 5 per cent at lunchtime Thursday.
مصدر: TheStarPhoenix - 🏆 253. / 63 اقرأ أكثر »