Why Nu Holdings Is Falling Hard Today
Shares of the Brazilian digital bank Nu Holdings (NYSE: NU) were falling today as investors continue to process rising inflation and the Federal Reserve's recent decision to increase the federal funds rate by an additional 75 basis points. On Wednesday the Federal Reserve hiked the federal funds rate by an additional 75 basis points and said that it would continue raising rates into 2023. Investors appear to be increasingly concerned that the Fed will end up spurring a recession in the U.S. if it continues to raise rates too much and too fast.
