US Fed Meeting Highlights: The Federal Reserve raised its benchmark interest rate on Wednesday (September 17) for the first time since 2023 in an effort to quell stubbornly high inflation, a move that could spur a sharp response from the White House.
\n\nWe will now wrap up the blog. Good night, folks!
\n\nThe 30-stock Dow traded down 544.01 points, or 1%, with financial-related shares leading the way lower. The S&P 500 was down 0.5%, while the Nasdaq Composite bucked the trend a bit, trading around the flatline.
\n\nThe 30-stock Dow traded down 407 points, or 0.8%, with financial-related shares leading the way lower. The S&P 500 was down 0.4%, while the Nasdaq Composite bucked the trend a bit, trading around the flatline.
\n\nFederal Reserve Chairman Kevin Warsh said he wouldn’t divulge details on the Federal Open Market Committee’s future decisions on rates.
\n\n“I’m not in the forward guidance business,” he told reporters. “The decision we made today was a sober decision, serious decision, responsible decision, one that we have been preparing for and thinking about in my 110 or [120] days here.”
\n\n“We made this decision today based on our assessment of the situation, based on our assessment of the…
Original source: https://www.cnbctv18.com/technology/
