Federal Reserve officials are reportedly considering jacking up interest rates 3/4 of a percent on Wednesday, that’s according to CNBC. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says the anticipation around the potential rate changes has been affecting the markets…
And stocks took a massive slide yesterday, with YahooFinance calling it a “Monday market meltdown.” The Dow Jones Industrials Average ended Monday down about 876 points or 2.79 percent, and the NASDAQ dropped about 4.5 percent.