Bloomberg Wealth: Fed Outlook Promises More Market Volatility Ahead
Federal Reserve Chair Jerome Powell during a news conference following Wednesday’s rate decision.
Photographer: Sarah Silbiger/BloombergIf you think it’s already been a tumultuous year in markets, yesterday’s Fed decision probably made things worse for your stock portfolio.
As expected, Federal Reserve officials raised interest rates by another 75 basis points on Wednesday as they fight to tame surging inflation. The move pushed the benchmark rate to the highest level since before the 2008 financial crisis.