May 27, 2022
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Fed meeting as surging inflation, rising COVID-19 cases rattle US economic recovery

Fed statement, inflation update and Powell press conference: RECAP

The Federal Reserve on Wednesday laid the groundwork for a fee hike in March, whereas additionally reiterating provide chain points are contributing to red-hot inflation. 

Throughout Fed Chairman Jerome Powell’s press convention shares misplaced momentum, with all three of the most important averages falling. 

WHERE INFLATION IS HITTING CONSUMERS THE HARDEST

Ticker Safety Final Change Change %
I:DJI DOW JONES AVERAGES 34168.09 -129.64 -0.38%
SP500 S&P 500 4349.93 -6.52 -0.15%
I:COMP NASDAQ COMPOSITE INDEX 13542.118929 +2.82 +0.02%

CLICK HERE TO READ MORE ON FOX BUSINESS

Discover a recap of Powell’s Q&A right here on the FOX Enterprise Weblog. Cell customers click on here.

 

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