Stocks End The Day Up Following Easing Interest Rate Hikes – Footwear News
Stocks climbed across the board on Wednesday afternoon following the eighth interest rate hike from the Federal Reserve. The Fed’s rate-setting Federal Open Market Committee boosted the federal funds rate by 0.25 percentage point on Wednesday, aligning with market expectations. This moves takes interest rates to a target range of 4.5%-4.75%, the highest since October … Read more