Federal Reserve Raises Interest Rates By 0.75 Percentage Point; Dow, S&P 500 Finish Higher: Fed Meeting Today Live

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The Federal Reserve on Wednesday raised its benchmark interest rate by three-quarters of a percentage point for the second straight meeting in an effort to tamp down inflation that’s been running at a four-decade high.

U.S. stocks finished higher and Treasury yields slipped after Fed Chairman Jerome Powell said that it will likely become appropriate to slow the pace of interest-rate increases.


Source: wsj.com | Last Updated July 27, 2022 at 11:08 PM