Stock Market Crashing over 1000 Points or 3% in One Day
Looks like the Federal Reserve Party is over for the Stock Market with stagnant growth and Hyper inflation as The Interest rates climb to try to control the devaluation of the dollar. Has the Fiat money system finally met it's Titanic Ice burg that was hidden below the surface?
Or is it just another head fake from the money changers?
Stocks plummeted Friday after Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won’t back off in its fight against rapid inflation.
The Dow Jones Industrial Average dropped 1,008.38 points, or 3.03%, to 32,283.40, with losses accelerating into the close. The S&P 500 fell 3.37% to 4,057.66, and the Nasdaq Composite slid 3.94% to 12,141.71.