_the-fed-raises-interest-rates-and-turbotax-pays-a-hefty-fine-atb-5-4-22.jpg "The Fed raises interest rates and TurboTax pays a hefty fine ATB 5 4 22 from fed up americans Video Screenshot Preview")
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⏲ Duration: 72 sec
✓ Published: 05-May-2022
✓ Published: 05-May-2022
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The Federal Reserve makes a big move to fight inflation. And TurboTax is paying a big fine.nGood afternoon. It’s the biggest hike by The Fed since 2000 – raising the benchmark interest rate by half a percentage point. And the markets celebrated anyway.nnThe Dow jumped 932 points, almost 3%, to close at 34,061nThe Nasdaq was up over 3%, gaining 401nThe S&P also jumped exactly 3%, finishing up 124.nn**********nnFed chairman Jerome Powell says the rate hike should help cool down the economy
The Federal Reserve makes a big move to fight inflation. And TurboTax is paying a big fine.nGood afternoon. It’s the biggest hike by The Fed since 2000 – raising the benchmark interest rate by half a percentage point. And the markets celebrated anyway.nnThe Dow jumped 932 points, almost 3%, to close at 34,061nThe Nasdaq was up over 3%, gaining 401nThe S&P also jumped exactly 3%, finishing up 124.nn**********nnFed chairman Jerome Powell says the rate hike should help cool down the economy
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