FOMC Hikes Rates 0.25 Points; First in Three Years — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- The FOMC raised interest rates by 0.25 percentage points, with CNBC's coverage framing the move as the first rate hike in three years after an extended pause.
- US stocks and bonds halted a prior slide ahead of the Fed's decision, with the S&P 500 rising and Wall Street holding steady as oil prices remained a market factor (Bloomberg, CNBC).
Why it matters: The FOMC's first rate hike in three years, at 0.25 percentage points, ends an extended pause in rate increases. The S&P 500's pre-meeting rise and the halt to the broader stock-and-bond slide show traders had already priced in the move.
Ask SkimNews