Night Effect Demonstrated as Market Plunged After Fed’s Latest Rate Hike
March 23, 2023 at 11:14 AM EDT
As large- and small-cap stocks tumbled yesterday on the latest interest rate hike from the Federal Reserve, investors in the night effect managed to avoid losses. Broad indexes fell sharply on Wednesday afternoon as investors digested the latest Fed meeting, in which the federal funds rate was lifted by 25 basis points. Comments from Fed [...] The post Night Effect Demonstrated as Market Plunged After Fed’s Latest Rate Hike appeared first on ETF Trends .