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US stocks in red after Fed holds interest rate near-zero, stages March hike

US stocks in red after Fed holds interest rate near-zero, stages March hike

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2:50pm: March hike possible During the first policy meeting of 2022, the Fed held the interest rate at near-zero, and strongly signaled that asset purchases will end in early March. “With inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the policy-setting Federal Open Market Committee (FOMC) said.

...read full article on Proactive Investors

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