Fed Chair Powell: We’re Not in a Recession… Yet
July 27, 2022 at 16:36 PM EDT
Stocks rose after the Federal Reserve announced its intentions to raise interest rates by three-quarters of a percentage point for the second consecutive time to combat record-high inflation. The S&P 500 climbed 2.5% in afternoon trading on Wednesday, following the Fed’s announcement. Meanwhile, the Dow went up 1.4%, and the tech-heavy Nasdaq Composite rose almost [...] The post Fed Chair Powell: We’re Not in a Recession… Yet appeared first on ETF Trends .
