FED Threatens More Rate Hikes, Crashing Stock Market Again

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At a glance

  • Stock futures fell Thursday as interest rates jumped with Federal Reserve officials signaling interest rate hikes to slow inflation are far from over.
  • Futures tied to the Dow Jones Industrial Average dipped 316 points, or 0.9%. S&P 500 futures slipped 1.1%, while Nasdaq-100 futures fell 1.2%.
  • St. Louis Federal Reserve President James Bullard said in a speech Thursday that “the policy rate is not yet in a zone that may be considered sufficiently restrictive.”

    “The change in the monetary policy stance appears to have had only limited effects on observed inflation, but market pricing suggests disinflation is expected in 2023,” added Bullard.

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