WALL STREET DIPS ON FED RATE-HIKE PROJECTIONS

Thursday, 17/06/2021 | 08:17 GMT

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Wall Street traded lower for a second straight day on Wednesday, after the Fed indicated that a rate hike may come sooner than was earlier expected. Investors were also concerned about the central bank’s inflation projection. However, markets settled off their intraday lows following comments from Fed Chair Jerome Powell.

Source: https://www.adss.com/en/market-updates/research/wall-street-dips-on-fed-rate-hike-projections/

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