Markets Stay Volatile After Fed Chair’s Comments

Markets have been on a roller coaster ride for weeks amidst uncertainty stemmed in from the COVID-19 Omicron variant and the impending announcement from the Federal Reserve Board about raising rates. Stock trading continued to be erratic after Fed Chair Jerome Powell announced that the central bank has “quite a bit of room to raise interest rates without threatening the labor market,” with indexes wiping out gains made earlier in the day.