KQED Nightly Business Report February 22, 2018
Policy makers describe the economy according to the minutes of the Central Banks latest meeting. It signaled that the fed is on track now to raise ierest rate this year. Markets agreemented the news with a strong bout of volatility. Stocks first spiked higher, and then they fell very sharply as bond yields rose. The Dow Jones Industrial average cloused down 167 points to 24,797, its secon straight day of losses. Nasdaq was off 16. The s p 500 fell 156789 cayla tausche starts us off tonight with a closer look at the Central Banks latest plan to keep raising rates. Reporter the Federal Reserves ...