|
Specialist Thomas Schreck, left, and trader Patrick Casey, center, work on the floor of the New York Stock Exchange, Thursday, Aug. 15, 2019. Stocks are rising on Wall Street early Thursday on indications American consumers continue to spend and embrace online shopping. (AP Photo / Richard Drew)

Investors rode out another turbulent day on Wall Street that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain. Local analysts weigh in on what it all means for consumers.

|
“Nothing will deter us from doing what we think is the right thing to do,” Federal Reserve Chairman Jerome Powell said Wednesday, Dec. 19, 2018.

The Federal Reserve hikes its benchmark interest rate for the fourth time this year, by one-quarter of 1 percent to 2.5 percent. We discuss the outlook for the markets and the economy.

|
President Donald Trump: “I think the Fed has gone crazy.”

A market that has grown used to cheap money over the past decade is becoming increasingly concerned that the Federal Reserve will aggressively raise benchmark interest rates.

|

Federal Reserve Chair Janet Yellen said the Fed may start  raising rates around six months after quantitative easing—ahead of what experts were expecting. We take a closer look at how the markets react to her comments at her first live press conference, and how her first policy meeting may affect the economy. Read an article, watch Yellen’s full press conference, and read a transcript of her remarks.

|

We have the latest details and analysis on the stock market.

|

We analyze what Wednesday's Federal Reserve announcement to continue the stimulus program will mean for the economic recovery.

randomness