Rally reverses into massive fall

May 6, 2022 | Global Share Markets

A sharp rise in US interest rates following a reassessment of the US Federal Reserve’s stance on the magnitude of further rate hikes has torpedoed gains on Wall Street¸ in a massive market reversal. In first reaction to yesterday’s Fed rates hike of 50 basis points (to only 1%) being unlikely to be followed by […]

 


 

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