Fed raised 0.75% as expected but markets slumped. Why? from Dr Wealth on Investing

Fed raised 0.75% as expected but markets slumped. Why?

1 minutes Posted Sep 22, 2022 at 2:07 am.

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The Fed raised the interest rate by 0.75% which was expected but the S&P500 reversed course and closed down 2% for the day.