- Carnival (CCL) share price fell 3.34% today. This is why.
Carnival (CCL) share price fell 3.34% today.
Why: Carnival pulled back in a broader sell-off today on concerns about the Federal Reserve’s two-day policy meeting, where short-term interest rates are expected to rise by three-quarters of a percentage point by the end of the meeting tomorrow.
Details: Due to inflation, Federal Reserve officials are expected to raise the central bank’s key interest rate, known as the federal funds rate, to a range of 3% to 3.25% from a current range of 2.25% to 2 .5%. That would be the third consecutive 75 basis point increase since June and would bring rates to their highest levels since 2008.
