A 'Making Money' panel with Gary Kaltbaum, Nancy Tengler and Phil Blancato react to the FOMC decision.
Federal Reserve policymakers maintained near-zero interest rates but signaled a hike will come in 2023, with some members even leading to a move as soon as 2022.
As for inflation, it is "transitory" despite consumer and producer prices which surged in May prompting inflation fears.
HOMEBUILDING BOUNCES BACK AS LUMBER PRICES COOL
|Ticker ||Security ||Last ||Change ||Change %|
|I:DJI ||DOW JONES AVERAGES ||34940.2 ||-204.11 ||-0.58%|
|SP500 ||S&P 500 ||4379.98 ||-42.32 ||-0.96%|
|I:COMP ||NASDAQ COMPOSITE INDEX ||14537.983611 ||-302.73 ||-2.04%|
U.S. stocks fell as Chairman Jerome Powell took Q&A.
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