Dow futures rally 600 points after Fed rate hike selloff
β’ Dow futures rallied 600 points and Nasdaq-100 futures gained 1.7% following a selloff triggered by the Federal Reserve's first interest rate hike in three years. β’ The Federal Reserve raised the overnight federal funds rate by 25 basis points to a target range of 3.75% to 4%. β’ This volatility affects investors and markets as Fed Chairman Kevin Warsh indicated that price pressures have not eased enough to stop further tightening.
qz.com




