Premarket: Apple is green

From Reuters' "Futures steady after Fed-driven selloff" posted early Thursday:

U.S. stock index futures steadied on Thursday after a sharp selloff on Wall Street in the previous session on worries about an economic downturn following the Federal Reserve's promise to keep raising interest rates to tame inflation.

The U.S. central bank hiked interest rates by 75 basis points for a third straight time as largely anticipated, but forecast its policy rate rising at a faster pace and to a higher level than expected and the economy slowing to a crawl.

The Fed's target policy rate is now at its highest level since 2008, and the new projections show it rising to the 4.25%-4.50% range by the end of this year.

Charts: Yahoo!Finance sees a bullish engulfing-line pattern. Max pain stays at $155 with the same call mountain at $160 and put peak at $150.


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