Stocks plunge after rate hikes, weak retail sales rattle markets

Published: Dec. 16, 2022, 7 a.m.

b'U.S. stocks tumbled Thursday as Wall Street reeled from another sizable rate hike by Federal Reserve officials and assessed similar moves by monetary policymakers across the Atlantic. A disappointing reading on consumer spending also raised concerns about the health of the U.S. economy.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'