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cover of episode Markets Erase Fed-day Gains

Markets Erase Fed-day Gains

2022/6/16
logo of podcast Schwab Market Update Audio

Schwab Market Update Audio

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U.S. equities finished solidly lower, continuing a fairly common pattern of a reversal of a move on a Fed-day, which saw equities rally yesterday after the Central Bank raised rates by 75 basis points (bps)—the largest increase since 1994—and suggested it may have to continue to be as aggressive.