Highlights

  • 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

US markets snap 5 day losing streak after Fed rate hike

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.

Frequently Asked Questions

Despite super-sized interest-rate hikes and a weak growth outlook, the US markets rebounded from a 5-day losing streak due to bullish sentiment on Wall Street.

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