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Sat. May 17th, 2025

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Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’

Aug 28, 2022 Robert Brown

Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the…

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US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

Jun 15, 2022 Robert Brown

The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations,…

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Category: Fed Chair

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