Federal Reserve to raise interest rates next week

Name: Federal Reserve to raise interest rates next week
Uploaded: 2022-04-29T23:25:40Z
Duration: 1 min 54 s
Description: The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology stocks added to Wall Street's losses in April, leaving the S&P 500 with its biggest monthly skid since the start of the pandemic. Traders continue to fret about the tough medicine the Federal Reserve is using in its fight against inflation: higher interest rates.

The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology stocks added to Wall Street's losses in April, leaving the S&P 500 with its biggest monthly skid since the start of the pandemic. Traders continue to fret about the tough medicine the Federal Reserve is using in its fight against inflation: higher interest rates.

Posted April 29, 2022 7:25pm EDT