Fed Chair Powell Sends Stocks on a Wild Ride; Says “Premature to be Thinking about Pausing” Rate Hikes

by Pam Martens and Russ Martens, Wall St On Parade: The Fed released its FOMC decision to raise interest rates by 0.75 percent at 2 p.m. yesterday, bringing its benchmark Fed Funds rate to a range of 3.75 to 4.00 percent. The decision contained this statement: “In assessing the appropriate stance of monetary policy, the Committee will […]