The Roller Coaster Week Continues As The Market Reacts To The Fed’s Interest Rate Announcement
- Thursday, January 27, 2022, 7:11
- Market
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As expected, the Fed keeps the overnight rate unchanged. The Fed refuses to tie itself down to any set schedule but plans to follow the data. Stocks sell off as Fed Chairman Jerome Powell talks to the press. The U.S. dollar rises on Fed news and rising yields.
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