From Yahoo Finance · · 1m 10s
Stock Market Surges Post-Fed Rate Hike
Nasdaq and S&P 500 rise as investors react to Fed's rate hike decision.
In brief
Nasdaq and S&P 500 rise as investors react to Fed's rate hike decision. Stocks surged on post-Fed rate hike buying after the central bank raised rates by 25 basis points to 3.75%-4%. Originally reported by Yahoo Finance.
Market reaction to Fed rate hike
Stocks were mixed Thursday after the Federal Reserve raised interest rates by a quarter percentage point to 3.75%-4%.
Fed rate hike projections
The Fed's latest projections indicate another quarter-point rate increase this year, with 16 of 18 officials expecting at least one further hike.
Fed chair comments
Fed Chair Kevin Warsh stated, 'the plain fact is that inflation is too high and has been for too long.'
“Fed Chair Kevin Warsh said, "the plain fact is that inflation is too high and has been for too long."”
Market analyst perspective
Daniela Hathorn, senior market analyst at Capital.com, noted the Fed may not be finished raising rates despite the rate increase.
Trump's stance on Fed
President Donald Trump expressed confidence in Fed Chair Kevin Warsh but wants interest rates slashed to 1% or less.
Stocks close lower
Stocks finished lower on Wednesday following the Fed's decision to raise rates by 25 basis points.
What to remember
Stocks surged on post-Fed rate hike buying after the central bank raised rates by 25 basis points to 3.75%-4%.
