Channel: Forbes

Category: News & Politics

Tags: businessbear marketjerome powellbull marketentrepreneurshipforbes magazinetechnologyforbes mediainflationmonetary policydollarforbes digitalpersonal financestagflationforbesinvestingfederal reservefinance

Description: The stock market surged higher on Wednesday after the Federal Reserve raised interest rates by 0.5% in a move widely-anticipated by investors, as the central bank continues on its path of aggressive monetary policy tightening in a bid to combat surging inflation. Traders expect the Federal Reserve to continue aggressively raising interest rates in the next few months, and with the federal funds rate now at a range of 0.75% to 1%, current market expectations are for the rate to reach 3% by the end of 2022. Read the full story on Forbes: forbes.com/sites/sergeiklebnikov/2022/05/04/dow-jumps-600-points-after-federal-reserve-hikes-interest-rates-by-half-percentage-point/?sh=435a7fb179ce Subscribe to FORBES: youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: newsletters.editorial.forbes.com Forbes on Facebook: fb.com/forbes Forbes Video on Twitter: twitter.com/forbes Forbes Video on Instagram: instagram.com/forbes More From Forbes: forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.