Daily Poll: Interest rates may be raised sooner or at a faster pace?
Federal Reserve officials said a strengthening economy and higher inflation could lead toearlier and faster interest-rate increasesthan previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.
Stocks finished sharply lower Wednesday after the release of minutes of the Federal Reserve's last policy. What did stock benchmarks do?
$S&P 500 Index (.SPX.US)$fell 92.96 points, or1.9%,closing at 4,700.58, its steepest daily percentage fall since Nov. 26.
$Nasdaq Composite Index (.IXIC.US)$tumbled 522.54 points, or3.34%, finishing at 15,100.17, its sharpest daily percentage slump since Feb. 25, 2021.
How would Fed tapering impact markets? Will the rising interest rate be a disaster for the stock market in 2022? Would you tell mooers about your thoughts?
Spearhead : Good