Power Breakfast: All Eyes On Fed Decisions, Wall Street Stocks Tumbled Into Bear Market As Aggressive Rate Hikes Expected
Zee Business Video Team | Updated: June 15, 2022 08:52 AM IST
There have been mixed signals from the global markets. The Dow Jones has registered a decline for the fifth consecutive day. Dow Jones slipped 150 points between trading in the range of 550 points, while the recovery in the last hour has seen a slight gain in Nasdaq. Today, the Fed is expected to increase rates by 0.75% in the US. This will be the biggest increase in rates by the Fed in 28 years. Apart from this, a decline of 0.5% to 1% has also been registered in the European markets.
