12 min listen
What's In Store For Stocks Facing Lows
FromSchwab Network
ratings:
Length:
4 minutes
Released:
May 5, 2022
Format:
Podcast episode
Description
Stock market news: Stocks fell hard Thursday, May 5, 2022 following the FOMC meeting announcement in which the Federal Reserve raised rates by 50 basis points as the market expected. Additionally, the Fed said it would begin reducing its balance sheet in June and made it clear it is not considering a 75 basis point hike at the June meeting. Zachary Hill discusses why the meeting had such a deleterious impact on stocks and delivers his outlook for the future of financial markets amid persistent elevated inflation.
Released:
May 5, 2022
Format:
Podcast episode
Titles in the series (100)
The Fed's New Targeted Inflation Policy by Schwab Network