Market Updates
Rate-path and China Worries Keep Global Markets On Edge
Barry Adams
21 Nov, 2022
New York City
Major averages on Wall Street closed lower and investors reviewed comments from the Federal Reserve officials.
San Francisco Fed President Mary Daly said it is premature to rule large-sized rate hike at the next policy meeting in December.
Investors are divided over the size of the rate between those favoring smaller rate hike of 50 basis points, after four back-to-back 75 basis point increases, and those preferring 75 basis points increase to cool 4-decade high inflation near 8%.
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