The $2-trillion-dollar word

Here's the origin, perhaps, of the one word, "yet", that wiped out $2 trillion in the global stock markets over the past weeks.

federalreserve.gov :

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 5 percent ... the Committee judges that some further policy firming may yet be needed to address inflation risks ...

So here it is/was. And here's a chart on investorsinsight.com, already getting outdated, of some of the aftermath on the global markets :

(2006-06-14 18:01:14 SGT) [Biz] Permalink

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