Stocks stumble after Fed hikes rates

1 month ago Korea Times

Stocks turned lower on Wall Street and Treasury yields rose in afternoon trading Wednesday after the Federal Reserve raised its benchmark interest rate and signal more hikes ahead. AP-YonhapA bumpy day of trading on Wall Street ended with stocks broadly lower Wednesday after Federal Reserve raised its benchmark interest rate in its fight against inflation and signaled that more hikes lay ahead. The Fed also said it expected to raise rates higher over the coming few years than it had previously anticipated. He also said that how fast the Fed raises rates is not so important now. That suggests the Fed is prepared to raise rates by an additional 0.75 percentage points next year.
Continue reading...

Read On "Korea Times"
More News On "Korea Times"
BREAKING NEWS
44 minutes ago - Back on Son: Korean hits stunner as Spurs down Preston, Casemiro double puts United through 1 hour ago - Stylish Man Utd progress in FA Cup, Son at the double for Spurs 2 hours ago - (Yonhap Interview) NATO chief calls for stronger security ties with S. Korea to address China, other global challenges 2 hours ago - Rate cap pushes Korea's most vulnerable to loan sharks 3 hours ago - Analysis: Aussie Open champ Sabalenka reworked serve, belief 3 hours ago - Five Russian men fleeing military conscription have been living at a South Korean airport for months 3 hours ago - West to deliver 321 tanks to Ukraine, says diplomat, as North Korea accuses US of 'crossing the red line' 3 hours ago - Prime Video: The 29 Absolute Best Movies to Watch 3 hours ago - Meet the New Restaurants That Are Making Midtown Manhattan NYC’s Hottest Dining Destination 4 hours ago - What India will do differently as G20 president – High Commissioner 4 hours ago - Why the world needs more big families like ours amid the population crisis 5 hours ago - Red Shoes and the 7 Dwarfs with Baby K on Italia 1 SparkChronicles 5 hours ago - You’ve got a lot of explaining to do, young lady 6 hours ago - Last Longer In Bed Food Male Sexual Enhancement Herbs Ginseng Yohimbe - Moviebill 6 hours ago - Five Russian Men Who Fled Mobilization Stranded At Seoul Airport As They Await Asylum Hearing 6 hours ago - 6 Korean Dating Series to Watch for Some Drama 7 hours ago - Sarawak making strides with FDIs 7 hours ago - Non-existent club culture behind India's early exit from Hockey WC: Oltmans 7 hours ago - Kyiv could be set to receive game changing fighter jets and the RAF and Royal Navy should help ‘shoulder the burden’ - London Business News 8 hours ago - British explorer Mark Evans arrives at Shoubra Palace in Taif after 700km desert trek 8 hours ago - Organic Baby Food Market Growth, Trends, and Forecast (2023 – 2030) | Abbott Laboratories, Groupe Danone, Nestlé S.A., Kraft Heinz Company 10 hours ago - Lack of tactical awareness, non-existent club culture behind India’s early exit: Oltmans 11 hours ago - The global economy needs a new powerhouse. India is stepping up 11 hours ago - NKorea slams US' decision to send tanks to Kyiv 11 hours ago - Incredible Growth of Internal Communication Tool Market 2022 by Share, Size, Growth, Segments, Revenue and Top Manufacturers Analysis Igloo, ScreenCloud, Google Docs, Flock, Slack 12 hours ago - Far East past champions, brackets 12 hours ago - G20: An International Forum For Global Economic Cooperation 13 hours ago - California shootings: A therapist's perspective on what the Asian American community needs now. 13 hours ago - East Asian supermarket in Bristol with more than 6,000 products celebrates four decades 14 hours ago - BTS’ Kim Taehyung to appear on Seo Jin’s variety show, fans shower love for his culinary skills (WATCH) 14 hours ago - The Global Economy’s Next Hub: Tucson Arizona And The 7D Intitle EU Program 16 hours ago - Moscow: Averting nuclear clash in Northeast Asia should be main focus 16 hours ago - Farmers Insurance Open: Jon Rahm moves two behind Sam Ryder as he chases third consecutive PGA Tour win 16 hours ago - Interview: China can play vital role in stimulating global growth in 2023, says UN economist 16 hours ago - [Weekender] Tale of Daechi moms: Women who go all in for kids’ college dreams 16 hours ago - Gangwon offers fun, exciting winter activities 17 hours ago - Great India Is Developing As World Is Looking 1 New Leader 17 hours ago - Poong the Joseon Psychiatrist Season 2 Episode 8 Release Date: Lets See Streaming Platform, Ratings and Storyline! 18 hours ago - Threat Of Chinese ‘Acquisition’ Of US Nuclear Tech Worries Washington As The World Moves Towards ‘Third Nuclear Age’ 18 hours ago - Food and Non Food Retail Market May See a Big Move | Walmart, Carrefour, Amazon 18 hours ago - Japan Tourism / Unique Doll Festival Enlivens Porcelain Town Arita 19 hours ago - Daisy Reacts To MOMOLAND's Contract Termination With MLD Entertainment 20 hours ago - To speak Korean 20 hours ago - 12 Places To Travel To This 2023 Based On Your Zodiac Sign 21 hours ago - Data project ranks how well countries around the globe protect human rights 21 hours ago - Sam Ryder clings to Farmers lead as Jon Rahm charges into second 22 hours ago - What is the Love Character test on TikTok? Romantic personality test sends the internet into a frenzy 22 hours ago - Uniting The World’s Most Powerful Leaders: Highlights From The 2012 G20 Summit In Los Cabos Mexico 23 hours ago - Sundance 2023 Winners Include A Thousand and One, Going to Mars, Scrapper & The Eternal Memory 23 hours ago - Track and Trace Solutions Global Market Report 2022: by Product Type, Technology, Application, End-use and Region 23 hours ago - Trending UN News: Week Ending Jan. 27 23 hours ago - The riverside restaurant in Bath that's perfect for a Valentine's meal 23 hours ago - Cambodian ministers highlight potential for growth, cooperation 23 hours ago - Jeremy Hunt ‘gave a lecture, not a plan’, claims expert after Chancellor’s 'fluff' speech 23 hours ago - Why ApeCoin, Axie Infinity, and NEAR Protocol Popped This Week – The Motley Fool 1 day ago - USA vs Colombia preview: Looking to bounce back 1 day ago - President Biden Nominates Julie Turner as Special Envoy for North Korea Human Rights 1 day ago - Automotive Aftermarket Appearance Chemicals Market Report 2022: Pre-Owned Cars & Auto Leasing Drives Growth 1 day ago - 10 great Bay Area chicken wings for NFL playoff Sunday 1 day ago - Ange snaps up star he ‘really wanted’; Chelsea’s absurd $317m spending spree: Done Deals
free geoip