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Fed raises inflation risks, cuts growth outlook
Raises rates by the most in 28 years

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What the Fed! US Markets rebound despite massive rate hike weak growth outlook

Name: What the Fed! US Markets rebound despite massive rate hike weak growth outlook
Uploaded: 2022-06-16T06:04:26.000+05:30
Duration: T00M33S
Channel: EJ Biz Desk
Description: Super-sized interest-rate hikes and a weak growth outlook did not deter the bulls on Wall Street that helps the US markets rebound from a 5-day losing streak even as the Fed signalled more 75 bps hikes.The Dow Jones Industrial ...

US markets snap 5 day losing streak after Fed rate hike

Updated: Sep 02, 2022 10:53

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What the Fed! US Markets rebound despite massive rate hike weak growth outlook

Super-sized interest-rate hikes and a weak growth outlook did not deter the bulls on Wall Street that helps the US markets rebound from a 5-day losing streak even as the Fed signalled more 75 bps hikes.

The Dow Jones Industrial Average jumped 303.70 points, or 1%, to close at 30,668.53. The S&P 500 rose 1.46% to 3,789.99 while, the Nasdaq Composite gained 2.5% to end the day at 11,099.15.