Stocks plunged this morning, erasing the gains from the previous session as investors process the most significant Fed rate hike since 1994. As widely anticipated, the Fed Policy meeting that concluded yesterday resulted in a 75 basis point rate increase. Fed Chair Jerome Powell said...
Stocks ticked higher in early trading as investors awaited critical results from the Fed policy meeting, which concludes this afternoon. According to the CME Group’s FedWatch, the market is now pricing in a 95% chance of a 75-basis-point rate hike. Fed officials were reportedly contemplating...
With the Federal Reserve tightening its monetary policy to combat inflation and equity markets responding with volatility, many investors are seeking companies from defensive sectors with a reputation for being resilient during times of economic weakness.
Companies that operate in industries like health care,...