Stock Futures Rise After Fed Rate Hike Sell-Off — SkimNews
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- The Federal Reserve raised interest rates, sparking a sell-off on Wall Street as reported across CNBC, Bloomberg, and the Wall Street Journal.
- US stock futures rallied in after-hours trading, positioning markets to retrace the post-Fed losses, with world shares mostly advancing despite the Wall Street slump.
Why it matters: The initial Wall Street sell-off on the rate decision reversed within hours into a futures rally, per CNBC, Bloomberg, and WSJ headlines. World shares advancing even as Wall Street slipped indicates the downturn was concentrated domestically rather than sparking a broad global risk-off.
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