Fed Hikes Rates, Stocks and Bonds Rally as Oil Falls — SkimNews
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- Federal Reserve raised interest rates, and stocks and bonds rallied in response as markets retraced post-Fed moves.
- Oil prices fell sharply, easing pressure on the bond market and giving Wall Street a respite that helped lift equities.
- Dow and Nasdaq opened higher as the combination of the Fed decision and the oil slide reassured investors enough to retrace earlier losses.
Why it matters: Investors were clearly braced for a rougher reaction to another Fed rate hike, but the simultaneous drop in oil eased inflation fears and bond-market stress — enough to send the Dow and Nasdaq up at the open and rally both stocks and bonds together.
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