Dow Tumbles Again, The Fed Thinking of Raising Interest Rates 3/4 of a Point
On April 26, the Dow fell 810 points and the Deutsche Bank warned about recession. Then on May 4, the Fed raised interest rates by a half-percentage point to ‘get a handle’ on the worst inflation America has seen in 40 years. Obviously, that did not help and now the Dow plummeted 876 points or 2.8% and the Fed are now thinking about hiking rates by three-quarters of a percentage point, an action they […]
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