U.S. stock futures dip slightly after Fed forecasts rate hikes in 2023


Stock futures dipped slightly in overnight trading after the Federal Reserve raised inflation expectations and forecast rate hikes as early as 2023.

Futures on the Dow Jones Industrial Average fell 59 points, or 0.17%. S&P 500 futures edged 0.27% lower and Nasdaq 100 futures shed 0.43%.

U.S. stocks fell during Wednesday’s regular session after the Fed’s initial statement and economic projections. The Dow Jones Industrial Average closed the day 265 points lower to 34,033.67. The blue-chip average dropped as many as 382 points during the day. The S&P 500 edged 0.5% lower to 4,223.70. The Nasdaq Composite dipped 0.2% to 14,039.68.

Markets rallied off their intraday lows after Fed Chair Jerome…


0 0 votes
Article Rating

Renters will be protected from eviction beyond June in these locations

Previous article

Investors should stay the course

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Finance