⚠️BREAKING: *DOW ENDS DOWN OVER 300 POINTS AS U.S. STOCKS TUMBLE ON GLOOMY HOME DEPOT OUTLOOK, DEBT CEILING CONCERNS $DIA $SPY $QQQ $IWM $VIX
Recent data has indicated slowing in the U.S. economy following a string of rate hikes by the Federal Reserve to fight high inflation. That slowing along with recent negotiations over the U.S. debt ceiling has focused attention on when the central bank will pause hiking, or cut interest rates.
Richmond Fed President Thomas Barkin said he was"comfortable" with raising interest rates further if needed, but liked the"optionality" implied in the latest policy statement.
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