https://s27.q4cdn.com/906368049/files/News/2022/Zacks_SCR_Research_09012022_CFRX_Bautz.pdf
US Stocks Drop Sharply, Market Volatility Increases
U.S. stocks dropped from near two-week highs on Wednesday following the Fed’s policy decision.
The Federal Reserve increased interest rates by a quarter of a percentage point to 4.75%-5% at its March FOMC meeting. During the press conference, Fed Chair Jerome Powell said the FOMC considered a pause at this meeting but the hike was supported by a strong consensus.
