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TSP Talk Blog

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    TSP Talk: Fed rate hike and press conference triggers wild volatility

    by
    tsptalk
    , 09-22-2022 at 01:17 AM (TSP Talk Blog)
    Stocks were up most of the day yesterday before the FOMC meeting let out and the 0.75% interest rate hike was announced. When the dust settled two hours after the announcement, the indices were down 1.5% to 2% across the board. The Dow lost 522-points and an important gap was filled on the S&P 500 chart. Bonds were up as yields spiked, then reversed during the day. The dollar made a new high.

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