Fed Rate Hike Rallies Stocks

Ryan Mallory
By Ryan Mallory of SharePlanner
Founder of Share Planner •

The Federal Reserve led by Jerome Powell hiked interest rates for the first time in three years causing stocks to rally.

Cutout paper illustration representing scheme and Stocks inscription

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The Federal Reserve led by Jerome Powell hiked interest rates for the first time in three years causing stocks to rally. The stock market took off once the FOMC Statement announced the Fed would be putting in place a 25 basis point rate hike.

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