Fed Rate Hike Rallies Stocks

By Ryan Mallory of SharePlanner
Thursday, March 17, 2022 8:30 AM EDT

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

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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