Omicron has brought volatility to Wall Street.John Moore/Getty Images US stocks climbed on Wednesday as investors digested comments from a meeting of central bankers. Morgan Stanley warned the Federal Reserve's accelerated rate hikes have doubled the odds of a recession. First-quarter GDP readings were revised lower to show a 1.6% contraction. US stocks edged higher on Wednesday as markets took in comments from a meeting of central bankers and assessed the potential for the economy to avoid a recession.
Us Stocks Rise As Investors Digest Comments From Central Bankers And Assess Outlook For The Economy
jma@insider.com (Jason Ma), Business Insider
Wed, 06/29/2022 - 6:32am
Topics: street john moore/getty images first-quarter gdp federal reserve chairman jerome powell european central bank the commerce department s&p jones industrial average composite mohamed el-erian morgan stanley wealth management guggenheim's scott minerd west texas intermediate business insider morgan stanley federal reserve gdp fed the stocks rise comments economy investors digest central bankers and assess wednesday recession meeting revised markets hikes accelerated rate warned odds crude doubled show contraction potential chief
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