Bank of America is pushing a surprising new set of FAANG stocks to beat the bear market after yesterday’s $1.3 trillion wipeout

MarketWatch

The Fed raised interest rates – what to do now with your retirement portfolio

Inflation is rising, the stock market is volatile and now the Federal Reserve has raised interest rates – but investors, as always, should steer clear of any major changes, financial advisers said. The Federal Reserve announced a half-point hike in the federal funds rate on Wednesday, in an effort to combat inflation. This rise may also not be the last, as the Federal Open Market Committee considers additional increases during the next few meetings, Federal Reserve Chairman Jerome Powell said during a press conference on Wednesday.