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Stock exchanges on Wall Street are expected to open with losses on Thursday, in the wake of the Federal Reserve's recent monetary policy meeting. The benchmark rate has been pushed to a 15-year high, following the widely anticipated 50 basis points increase. This move signals that the Fed is taking a stronger stance on cooler-than-expected inflation readings from October and November.
Stock exchanges on Wall Street are expected to open with losses on Thursday, in the wake of the Federal Reserve's recent monetary policy meeting. The benchmark rate has been pushed to a 15-year high, following the widely anticipated 50 basis points increase. This move signals that the Fed is taking a stronger stance on cooler-than-expected inflation readings from October and November.
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