9/21/2022
RawNews1st – The Federal Reserve delivered its third straight interest rate increase of three-quarters of a percentage point and signaled a high likelihood of another rate hike by the end of the year.
Major U.S. stock averages closed near session lows after swinging between gains and losses during Fed Chairman Jerome Powell’s press conference. Shorter-term Treasury yields rose. Read our full daily markets round-up here.
The euro dropped and oil prices fell. Vladimir Putin announced a mobilization of Russian reservists and threatened a nuclear response in the war in Ukraine; President Biden responded in a speech. Elsewhere, big bank CEOs were in Washington.
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