Your 401k Is Getting Crushed Again In #Bidenflation
View Source | November 3, 2022 10:03 am
- Stocks fell on Thursday, building on Wednesday’s losses after the Federal Reserve delivered another interest rate hike and signaled that no pivot or rate cut will come anytime soon.
- The Dow Jones Industrial Average traded 273 points lower, or 0.85%. The S&P 500 and Nasdaq Composite slid 1.1% each.
- The average person’s 401(k) has lost some $34,000 in value since the start of the year, new economic research found.
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