Fed chairman Jerome Powell signaled a higher terminal top for rates and also said he wasn't worried about overtightening.
That completely reversed the dovish hints in the FOMC statement and led to a brutal selloff in stock markets.
- S&P 500 down 96 points to 3759, or -2.50%
- Nasdaq down 3.4%
- Russell 2000 -2.9%
- DJIA -1.5%
- Toronto TSX -0.9%
The daily candle on the S&P 500 isn't pretty.