Tag Archives: federal reserve
S&P 500 Closes Out Dismal Year With Worst Loss Since 2008 – Heemang Parmar
[ad_1] Wall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008. The benchmark index finished with a loss of 19.4% for 2022 — its worst loss since the financial crisis 14 years ago and a painful reversal for…
How The Fed’s Interest Rate Hikes Could Affect Your Finances – Heemang Parmar
[ad_1] NEW YORK (AP) — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase — its seventh rate hike this year — will make it even costlier for consumers and businesses to…