Stock Market Today: Nasdaq Jumps as Fed Minutes Fail to Flame Fears
by Kyle Woodley
May 25, 2022
2 minutes
U.S. equities enjoyed a broad pop Wednesday following the release of minutes from the Federal Reserve's most recent meeting, which showed that the central bank's decisionmakers were willing to be both aggressive but flexible in the face of both inflationary and recessionary pressures.
Much of what the Federal Open Market Committee said in the minutes was largely as expected: Members favor 50-basis-point increases to the Fed's benchmark interest rate in both its June and July meetings, then could pull back to quarter-point raises in subsequent meetings.
- SEE MORE The 10 Best Stocks for a Bear Market
"It's very clear that
You’re reading a preview, subscribe to read more.
Start your free 30 days