Stock Market Investors Just Got Bad News From the Federal Reserve
Three Fed officials recently voted to raise interest rates.
Overview
Year to date, the S&P 500 (SNPINDEX: ^GSPC) has added 13%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has added 14%. Strong corporate financial results and economic resilience, fueled by large investments in artificial intelligence, have been the driving forces behind those double-digit returns.
However, investors just got bad news from the Federal Reserve. Three officials voted to increase interest rates when the Federal Open Market Committee (FOMC) met in July, and history suggests a new hiking cycle could sink the stock market.
Details
Here are the important details.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.