Posted on 06/13/2022 1:14:40 PM PDT by Tell It Right
The Dow Jones Industrial Average dropped 980 points, or about 3.14% and the Nasdaq Composite tumbled about 4.8%. Major averages hit their lows of the session in the final 30 minutes after a Wall Street Journal report suggested the Fed would consider raising rates by 0.75% on Wednesday, more than the half point increase currently expected.
(Excerpt) Read more at cnbc.com ...
Given where it is with just the raising of rates this little bit... add more rate increases and recession and then what?
The democraps have absolutely wrecked the markets and the economy.
That’s when other shortages start to hit due to effect of high fuel prices.
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