Stocks Turn Down As Interest Rates Turn Up
- 5 years ago
According to Business Insider, a statement from the Federal Reserve deflated a morning rally on Wall Street.
By the early afternoon on Dec. 18th, the top three markets on the New York Stock Exchange were up about 1-percent each.
But a statement from the Fed has put the markets into negative territory on the day.
Following the latest Federal Open Market Committee meeting, the Fed announced another increase to interest rates.
Now, the markets are down over 1-percent each.
By the early afternoon on Dec. 18th, the top three markets on the New York Stock Exchange were up about 1-percent each.
But a statement from the Fed has put the markets into negative territory on the day.
Following the latest Federal Open Market Committee meeting, the Fed announced another increase to interest rates.
Now, the markets are down over 1-percent each.