Interest Rate Nerves Spread to Global Markets

Nervousness about US interest rate hikes has spread through global markets, leading to a drop in both US markets and European alike, while the dollar has strengthened.

In the most recent discussions, Fed Chair Jerome Powell acknowledged the risk of inflation and said officials had begun talks about scaling back bond purchases. Policy makers dot plot shows that they anticipate two rate increases by the end of 2023, which would be a faster than expected pace of tightening.

Tune in to hear what's moving Thursday's market and where to trade to end up in green.