On Wednesday, markets dip in result of Federal Reserve's plan to lower inflation.
At close, the Nasdaq closed 1.79% below, the S&P down 1.71%, and the Dow down 1.70%.
Jerome Powell announces that the Federal Reserve will be raising interest rates by a 75 basis points in hopes of lowering inflation.
Since the beginning of 2022, inflation has been on the rise. Basic necessities continue to stay high in terms of price, even though gas prices have come down across the U.S.
The global crypto market cap has dipped below $900b in valuation, keeping Bitcoin and Ethereum near previous lows.