From the Fed to Europe's currency crisis, here's what's behind this selloff in financial markets


Fed 'endorsing' a recession Stocks took on an even more negative tone earlier this week, after the Fed raised interest rates Wednesday by three-quarters of a point and forecast it could raise its funds rate to a high 4.6% by early next year. That rate is now 3% to 3.25% now."Inflation and rising rates are not a U.S. phenomena. That's been a challenge for global markets as well," said Michael Aron...

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