These 2 Words From Fed Chair Kevin Warsh Sunk the Dow, S&P 500, and Nasdaq, and Put Wall Street on Notice

Key Points The Federal Open Market Committee (FOMC) announced a quarter-point interest rate hike, sending the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite lower. Fed Chair Warsh’s addition of a loose time component to the FOMC’s rate-hiking cycle changes things. If the artificial intelligence (AI) infrastructure build-out is slowed, even marginally, by higher lending costs, the music may stop for Wall Street’s AI-driven bull market. 10 stocks we like better than S&P 500 Index › Today, Sept. 16, is the day Wall Street professionals and retail investors have had circled on their calendar for weeks: Federal Open Market Committee (FOMC) decision day on interest rates.