Stocks and bonds rally after Fed hikes rates and oil prices fall - NBC News — SkimNews
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- Federal Reserve hiked interest rates, and stocks and bonds rallied in response, according to the NBC News headline.
- Oil prices fell and helped push US stocks higher — the Dow and Nasdaq opened up — though Barron's reports the oil price pullback lost steam.
Why it matters: A rate hike typically pressures stocks and bonds, but the simultaneous drop in oil prices gave both asset classes room to rally; Barron's flag that the oil pullback lost steam signals the supportive backdrop was already fading.
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