Stocks Fluctuate Following Federal Reserve's Latest Rate Hike
In a widely anticipated move, the Federal Reserve unanimously voted to raise interest rates by a quarter percentage point on Wednesday as part of its ongoing effort to tame inflation and slow economic activity.
This was the ninth consecutive rate hike since last March, which brought the federal funds rate to a range of 4.75% to 5%. The latest decision came amidst the recent unrest in the banking industry and a sharp drop in regional bank stocks last week.
The Federal Reserve has indicated that additional rate hikes may be necessary...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.