What's In Store For Stocks Facing Lows

<p>Stock market news: Stocks fell hard Thursday, May 5, 2022 following the FOMC meeting announcement in which the Federal Reserve raised rates by 50 basis points as the market expected. Additionally, the Fed said it would begin reducing its balance sheet in June and made it clear it is not considering a 75 basis point hike at the June meeting. Zachary Hill discusses why the meeting had such a deleterious impact on stocks and delivers his outlook for the future of financial markets amid persistent elevated inflation. </p><p><br></p>