The Federal Reserve yesterday took aim at inflation by raising interest rates three-quarters of a percentage point, the most aggressive in about 28 years. That’s according to CNBC. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge isn’t convinced that’s the right thing to do…
Major indices seemed to give their approval yesterday to the news, as the Dow Jones, S&P 500 and the NASDAQ all ended the day higher, with the NASDAQ jumping 2.5 percent.