Today honggan already 🥲-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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LowJunJie
2022-06-16

Today honggan already 🥲

S&P 500 Futures Fell 2.07%; Nasdaq 100 Futures Shed 2.55%

A rebound in stocks and US equity futures fizzled Thursday, hampered by the prospect of a sustained

S&P 500 Futures Fell 2.07%; Nasdaq 100 Futures Shed 2.55%

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Smelly Tiger
·2022-06-16
😭😭😭
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jeff123
·2022-06-16
agreed
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JustInvest
·2022-06-16
[Facepalm]
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Precarious economic reality later hit sentiment again.Powell signaled another big hike in July after the Fed raised rates by three-quarters of a percentage point, but added “today’s 75 basis-point increase is an unusually large one and I do not expect moves of this size to be common.”The dollar ticked up as the relief rally ebbed, while the yen fell. Cryptocurrencies -- emblematic of market stress due to tighter financial conditions -- came off session highs.Wednesday’s decision took the target range for the federal funds rate to 1.5% to 1.75%. Officials projected 3.4% by year-end and 3.8% by the end of 2023. 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