US STOCKS-Wall St rises on strong earnings from Tesla, airlines – Reuters.com
- Date: 26-Apr-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
US STOCKS-Wall St rises on strong earnings from Tesla, airlines – Reuters.com
April 21 (Reuters) - Wall Street's ended lower on Thursday, with the Nasdaq dropping more than 2%, as investors reacted to Federal Reserve officials including Chair Jerome Powell offering further signposting of aggressive interest rate hikes this year.
A half-point interest rate increase will be "on the table" when the U.S. central bank meets on May 3-4 to approve the next in what is expected to be a series of rate increases this year, Powell said.
With inflation running roughly three times the Fed's 2% target, "it is appropriate to be moving a little more quickly," Powell added in a discussion of the global economy at the meetings of the International Monetary Fund. read more
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