Power Breakfast: All Eyes On Fed Decisions, Wall Street Stocks Tumbled Into Bear Market As Aggressive Rate Hikes Expected

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.