Good evening.
Stocks slide, Tesla to accept doge as payment for merchandise, and tomorrow’s Fed meeting could cause volatility.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell on Tuesday ahead of tomorrow’s Fed policy meeting.
This event has been known to cause market volatility.
The U.S. central bank is expected to slow down its money printer and signal that it will raise interest rates next year.
Already priced in? Some analysts argue that tomorrow’s meeting is already priced into markets, so stocks could actually react positively.
The crypto market gained on Tuesday, with Bitcoin trading near $48k, as price stabilizes near the key $50k level.
Catch Up
Tesla to accept dogecoin as payment for merchandise, says Elon Musk.
Meme stocks tumble to lowest level in months as investors dump risky positions to close out the year.
U.S. Senate votes 50-49 to raise the debt limit by $2.5 trillion.