Dow Tailspin Just Beginning? Fed Official Predicts Shock Rate Hike

By CCN: Despite embarking on a stunning recovery on May 6 to turn a brutal 471 point loss into a muted 67 point pullback, the Dow Jones Industrial Average plunged back into decline on Tuesday to deal investors a 435 point loss. Dow Slides More Than 400 Points After Stunning May 6 Comeback Strong fundamental factors such as steady jobs growth and the Federal Reserve’s reluctance to raise its benchmark interest rate have led some analysts to ignore the trade war-induced volatility. “I think it’s a short-term hiccup in a longer-term move up from the market,” Michael Arone, chief investment

The post Dow Tailspin Just Beginning? Fed Official Predicts Shock Rate Hike appeared first on CCN

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