Wednesday, May 4, 2022

Stock market selloff is exactly what the Fed wants, former NY Fed chief says

Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve's fight against inflation, according to former New York Federal Reserve President Bill Dudley.
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Stock market selloff is exactly what the Fed wants, former NY Fed chief says
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Dow Nasdaq S&P
+932.27   +401.10   +124.69
34,061.06   12,964.86   4,300.17
+2.81%   +3.19%   +2.99%
YTD -6.27%   YTD -17.13%   YTD -9.78%
 
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Paycom Software Inc +13.78%
 
Generac Holdings Inc +11.79%
 
Xylem Inc +9.63%
 
Amcor PLC +9.61%
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Johnson Controls International PLC -8.71%
 
Intercontinental Exchange Inc -4.04%
 
Healthpeak Properties Inc -2.30%
 
Vornado Realty Trust -1.52%
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10-yr 2.92% -0.04
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