Dow drops as Feds establish central bank to raise rates

WASHINGTON, D.C. — The Federal Reserve is undergoing a philosophical change that one market expert called a “pendulum swing,” reported CNBC.

Stocks saw a more than 800-point drop in the Dow on Wednesday as markets adjust to a central bank committed to raising interest rates.

“People are going to be scratching their heads, but they’re not really thinking back to the way the Fed used to operate,” said Michael Yoshikami, CEO and founder of Destination Wealth Management.

The recent financial market volatility has been caused at least in part by the Federal Reserve, and central bank officials may not mind.

Read the full article at CNBC.

Ronnie Wendt

Ronnie Wendt

Ronnie Wendt has been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year. She is the owner of In Good Company Communications and can be reached at

Leave a Comment

Get Daily News Delivered

Get Weekly News Delivered

Sponsored Video

Recent Posts

Get Daily RV News Delivered

Every day we send a summary of the most important news via email. Make sure you don’t miss anything.