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
|I:DJI||DOW JONES AVERAGES||34168.09||-129.64||-0.38%|
|I:COMP||NASDAQ COMPOSITE INDEX||13542.118929||+2.82||+0.02%|
Discover a recap of Powell’s Q&A right here on the FOX Enterprise Weblog. Cell customers click on here.