Fed's actions and inflation data impact stock market.
TL;DR
The stock market ended flat on Wednesday after a volatile session as investors digested the Fed's decision to leave rates on hold while signaling more tightening than expected. The Fed delivered the first pause of this tightening cycle while keeping the door open for up to two additional hikes this year, leading to a "Jekyll and Hyde" meeting, according to Jim Smigiel, chief investment officer at SEI.
- Why the stock market shook off a 'Jekyll and Hyde' Fed meeting MarketWatch
- Stocks fall in response to Fed's rate hike skip Yahoo Finance
- Dow Jones Falls After Key Inflation Data; Fed Decision, Powell Comments Later Today Investor's Business Daily
- Understanding the Fed's Next Move: An Explanation of the June FOMC Rate Decision | Market Takes Dion Rabouin | WSJ
- Investor Sentiment Improves Further Following Inflation Report - Aurora Cannabis (NASDAQ:ACB), Lennar (NY Benzinga
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