This was in a session characterized by fluctuation by -0.38%, for the index to lose about -129.64 points and settle at the end of trading at the level of 34,168.10, after its decline in Tuesday’s session with a rate of -0.19 *%.lost early gains on Wednesday in another volatile session, after the Federal Reserve’s first meeting of 2022. It kept benchmark interest rates steady, but signaled that monetary policy would tighten soon.
Instead, Fed officials will remain “smart” and leave it to upcoming meetings to decide how high the interest rate will be or the “significant cut” of the central bank's close to $9 trillion budget. The reduction is due to start once the rate increases start.without hurting the labor market and did not rule out the possibility of raising rates by more than 25 basis points given the scope of the inflation challenge.
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