(IXIC) FOMC Meeting Minutes Drives Nasdaq Up

German industrial production slumps for third straight month, raising recession risk

Summary:

  • Nasdaq rises in the wake of Fed meeting minutes

Nasdaq gains 1.5% on Wednesday

On Wednesday the Federal Reserve's May meeting minutes confirmed that the Fed officials are keeping a 50bps interest hike on the table for the next few meetings. This pushed U.S stocks higher after a volatile day on the market, the Fed has seemingly instilled investors with confidence that they will try and regain control of the current rising prices.

Investors have gotten a taste of the effect rising prices have had on company earnings across the board, the Feds commitment to try and reign in the rising prices is driving the Nasdaq and other indices upwards.

(IXIC) FOMC Meeting Minutes Drives Nasdaq Up - 1 IXIC Price Chart

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Sources: finance.yahoo.com

German industrial production slumps for third straight month, raising recession risk

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.