Futures were slightly lower following the Federal Reserve’s decision to raise short-term interest rates by 25 basis points — and more in Thursday’s stock market recap.
The markets whipsawed following the announcement Wednesday afternoon as traders digested the news, rallying into the close.
The Fed not only decided to move forward with the first rate hike since December 2018, but also revealed it has six more hikes planned for 2022. That means by the end of the year, the rate will likely be around 1.9%, and 2.75% by the end of 2023.
The Fed also said it will start shrinking its balance sheet of $9 trillion in assets as soon as its next meeting in May.
In this morning’s stock market recap video, you'll discover the major reports to pay attention to for the rest of this week… a deep dive into the 11 major sectors… current market momentum levels… key volatility levels to focus on… which sector to stay away from... which sector looks red hot right now... a full update on the global economy... plus my top ETF.
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