Stocks tank after Fed hikes by 0.75%, Powell pushes back against pivot

Published: Nov. 3, 2022, 7 a.m.

b'U.S. stocks slid in volatile trading Wednesday afternoon following a move by the Federal Reserve to raise its benchmark policy rate by 75 basis points for a fourth straight time \\u2014 on par with market expectations \\u2014 and remarks by Chair Jerome Powell indicating the U.S. central bank was unlikely to shift on policy anytime soon.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'