Federal Reserve raised the interest rate by 0.75% and Chairman clearly articulated that rates would continue to go up and target rate is higher than previously anticipated while also clarifying that it is too early to think about pause in rate hikes. Given that inflation is so broad, there might be lag in seeing effects of the rate hikes so they've also clarified that they would consider that as well in future decisions. Feds are so data driven that none of this is a surprise since we already know the state of economy and inflation. This took the markets into deep red territory. This year is unique for stock market as the number of "no trading" days is very high! Given that, let's checkout a stock we haven't checkout in detail.
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