. The Dow Jones Industrial Average swung 1,217 points and closed up 0.3% after dropping 1,000 points as investors anticipated inflation-fighting measures from the Federal Reserve and fretted over possible conflict between Russia and Ukraine. Benchmark indexes flirted with near 4-month lows as the market readies for the Fed to raise interest rates to tame inflation, which is at its highest level in nearly four decades. Retailers notched some of the biggest gains: Gap jumped nearly 8%.
The Fed has kept downward pressure on longer-term interest rates by buying trillions of dollars worth of government and corporate bonds, but those emergency purchases are scheduled to end in March. Nudging rates higher is intended to help slow economic growth and the rate of inflation. Technology stocks led the decline. Higher rates make shares in high-flying tech companies and other expensive growth stocks relatively less attractive.
Other economists say they worry that the Fed may act too aggressively. They argue that numerous rate hikes would risk causing a recession and wouldn’t slow inflation in any case. In this view, high prices mostly reflect snarled supply chains that the Fed’s rate hikes are powerless to cure.
Trump 2024!
So, at the end of the day you were shittalking Biden this morning for something that corrected it self literally at the end of the day? Got it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sarah Palin defamation suit against New York Times takes trial MondaySarah Palin has spent more than 4 years battling The New York Times over a corrected editorial. Now her defamation suit is headed to trial in federal court. she's angling for that golden triple-wide! I am looking forward to Rittenhouse's lawsuit. This could open the door to suing FOX for defamation in the future too
Source: axios - 🏆 302. / 63 Read more »
France’s New COVID-19 Vaccine Pass Begins MondayFrance’s new COVID-19 vaccine pass goes into effect on Monday, requiring ages 16 and older to show proof of vaccination to enter public places such as bars, restaurants, sports events, theaters, museums, entertainment venues and domestic flights and trains. Fauci should move to France. Will you give the same attention to countries that have ENDED vaccine & mask mandates such as UK, Ireland and Bolivia
Source: WebMD - 🏆 709. / 51 Read more »
Swoon in Tech Stocks Puts Startup Valuations in Harsh New LightAfter a blowout year, venture investors have taken note of the downturn in publicly-traded tech stocks and are beginning to question prices for late-stage funding rounds.
Source: WSJ - 🏆 98. / 63 Read more »
Taxpayers face overloaded IRS as filing season opens MondayU.S. taxpayers, brace yourselves because tax filing season starts Monday and you can expect the task to be more cumbersome than usual this year. They can't even steal our money efficiently
Source: WEWS - 🏆 323. / 59 Read more »
LAUSD to require students to wear non-cloth face masks starting MondayThe district said it will prohibit students from wearing cloth masks as the highly transmissible omicron variant of COVID-19 continues to spread. Science! Back in my time our schools had lead paint, asbestos, and MS-13. Stop sending your kids to these schools for this child abuse!
Source: ABC7 - 🏆 67. / 68 Read more »
Chicago Weather: Snow Could Make for Challenging Monday Morning CommuteDrivers could be in for a messy commute to start the work week as a winter system threatens to blanket the Chicago area with up to 3 inches of snow.
Source: nbcchicago - 🏆 545. / 51 Read more »