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Rising Rates and Falling Tech Lead Wall Street to Close Worst Year Since 2008 | Economy

An operator, this Friday during the last session of the year on Wall Street (New York).TIMOTHY A. CLARY (AFP) Rising interest rates to tame inflation, collapsing cryptocurrencies and a gloomy outlook for tech companies, which announced mass layoffs, have contributed, among other things, to making 2022 the worst year in history. Wall Street since 2008, …

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Wall Street brushes aside its worst year since the 2008 crisis with slight declines

Steady rate hikes by the Federal Reserve (Fed) to rein in runaway inflation and cautious investors anticipating a recession in 2023 have been the dominant trend throughout 2022 on the New York trading floor, which has finished his worst year since 2008 financial crisis. And he dismissed it with a session of light falls, which …

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