From Investor's Business Daily · JED GRAHAM · · 40s
Fed Hikes Rate, Stocks Drop
Fed raises rates as Warsh speaks, stocks fall.
In brief
Fed raises rates as Warsh speaks, stocks fall. The Federal Reserve increased interest rates and expects further hikes, causing stock declines after Warsh's speech. Originally reported by Investor's Business Daily.
Fed rate hike
The Federal Reserve raised its key interest rate.
More hikes expected
Most Fed policymakers plan another rate increase this year.
Stocks initially rise
S&P 500 and 10-year Treasury yield jumped initially.
Market turns negative
Stocks fell as Warsh spoke at the news conference.
Treasury yield rises
The 10-year Treasury yield rose sharply.
What it means
The Federal Reserve increased interest rates and expects further hikes, causing stock declines after Warsh's speech.
